Talk Irvine

General => Economy & Finance => Topic started by: eyephone on December 28, 2015, 12:54:20 PM

Title: Oil
Post by: eyephone on December 28, 2015, 12:54:20 PM
Is it time to get back into oil?

Title: Re: Oil
Post by: qwerty on December 28, 2015, 02:45:42 PM
Is it time to get back into oil?



I loaded up when wti was in the 34s. Right now over 36. I would wait a bit till gets back to 34, I wouldn't be surprised if it hits the high 20s in q1 then I would go all in.
Title: Re: Oil
Post by: eyephone on January 27, 2016, 04:58:43 PM
Is it time to get back into oil?



I loaded up when wti was in the 34s. Right now over 36. I would wait a bit till gets back to 34, I wouldn't be surprised if it hits the high 20s in q1 then I would go all in.

Did you go all in?
Did you hear the potential news regarding OPEC?
Title: Re: Oil
Post by: qwerty on January 27, 2016, 06:57:34 PM
Is it time to get back into oil?



I loaded up when wti was in the 34s. Right now over 36. I would wait a bit till gets back to 34, I wouldn't be surprised if it hits the high 20s in q1 then I would go all in.

Did you go all in?
Did you hear the potential news regarding OPEC?

Didn't go all in. 100k at 34s. Another 100k at 27s. 

If you are talking about Russia/opec then yes I heard.
Title: Re: Oil
Post by: eyephone on February 04, 2016, 12:50:24 PM
Obama to propose $10 a barrel on oil.
(Says it all - Democrats are about taxing)
Title: Re: Oil
Post by: morekaos on February 04, 2016, 12:52:28 PM
Obama to propose $10 a barrel on oil.
(Says it all - Democrats are about taxing)

No, no, no that's a FEE not a tax...doh!!!

http://www.cnbc.com/2016/02/04/white-house-wants-10-per-barrel-fee-on-oil.html (http://www.cnbc.com/2016/02/04/white-house-wants-10-per-barrel-fee-on-oil.html)
Title: Re: Oil
Post by: eyephone on February 04, 2016, 06:57:53 PM
Obama to propose $10 a barrel on oil.
(Says it all - Democrats are about taxing)

No, no, no that's a FEE not a tax...doh!!!

http://www.cnbc.com/2016/02/04/white-house-wants-10-per-barrel-fee-on-oil.html (http://www.cnbc.com/2016/02/04/white-house-wants-10-per-barrel-fee-on-oil.html)

You can slice it and dice it. You can call it a fee or a tax to the oil companies. In effect, they will pass the cost to the consumers. The link below says it's a tax. (We both know it's nonsense, government expects the oil companies to pay 1/3 of the price of an oil barrel.)

http://www.politico.com/agenda/story/2016/02/obama-oil-tax-budget-000038
Title: Re: Oil
Post by: eyephone on July 25, 2017, 10:43:54 AM
Saudi Arabia cuts oil exports. (Time to buy?)

http://www.cnbc.com/2017/07/24/oil-extends-gains-as-opec-moves-to-cap-nigeria-output.html

Title: Re: Oil
Post by: GH on July 25, 2017, 11:12:50 AM
Saudi Arabia cuts oil exports. (Time to buy?)

http://www.cnbc.com/2017/07/24/oil-extends-gains-as-opec-moves-to-cap-nigeria-output.html

Oil price will be capped as more shale will just come online as price goes higher -- OPEC is in a very tough place -- they should have not been greedy before that have allowed alternative sources to develop when oil prices was too high.
Title: Re: Oil
Post by: morekaos on July 25, 2017, 11:29:22 AM
Winning!!!!

US reports oil exports rise to record level, just as OPEC agrees to cut back

The U.S. government reported record exports of 1.3 million barrels of crude oil per day last week.
The crude U.S. producers shipped was just a half million barrels a day less than the total OPEC and other producers agreed to hold back from the market.
U.S. data show record refining runs of 17.51 million barrels a day

http://www.cnbc.com/2017/06/01/us-reports-oil-exports-rise-to-record-level-just-as-opec-agrees-to-cut-back.html (http://www.cnbc.com/2017/06/01/us-reports-oil-exports-rise-to-record-level-just-as-opec-agrees-to-cut-back.html)
Title: Re: Oil
Post by: Liar Loan on July 28, 2017, 12:08:24 PM
I'm not a big follower of oil, but I do study cyclical trends for all of my investments, and oil has very long down cycles:

1948 - 1973 = 25 years
1980 - 1999 = 19 years
2008 - ???? = Only 9 years so far

http://www.macrotrends.net/1369/crude-oil-price-history-chart
Title: Re: Oil
Post by: Ready2Downsize on July 28, 2017, 09:39:51 PM
I'm not a big follower of oil, but I do study cyclical trends for all of my investments, and oil has very long down cycles:

1948 - 1973 = 25 years
1980 - 1999 = 19 years
2008 - ???? = Only 9 years so far

http://www.macrotrends.net/1369/crude-oil-price-history-chart

But the first cycle was pre opec.

The second one started when there was super high inflation and interest rates and both kept falling.

Title: Re: Oil
Post by: Liar Loan on July 31, 2017, 12:12:03 PM
Yep, every cycle has a different cause.  This time it's the US/Canada acting as net exporters of shale.  The world no longer relies on OPEC as it once did.
Title: Re: Oil
Post by: eyephone on November 11, 2017, 08:25:16 PM
Get in before tension rise?
Title: Re: Oil
Post by: morekaos on November 11, 2017, 08:31:30 PM
$60 oil is the sweet spot. If we get to that price and hold everybody is happy. The producers make lots of money the consumer is not too angry and the country exports a fortune and reduces its deficit. Couple that with the export of natural gas and that’s a formula for winning
Title: Re: Oil
Post by: Compressed-Village on November 11, 2017, 10:27:40 PM
RIG — Stands to make a big comes back. At these prices, they are a bargain. Time to load up more.
Title: Re: Oil
Post by: morekaos on November 12, 2017, 08:43:56 PM
$60 oil is the sweet spot. If we get to that price and hold everybody is happy. The producers make lots of money the consumer is not too angry and the country exports a fortune and reduces its deficit. Couple that with the export of natural gas and that’s a formula for winning

....and then...

Crude's rally could be poised to test $60 per barrel, according to T3Live

https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html (https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html)
Title: Re: Oil
Post by: eyephone on November 13, 2017, 10:54:33 PM
RIG —� Stands to make a big comes back. At these prices, they are a bargain. Time to load up more.

How about chk?
Title: Re: Oil
Post by: morekaos on December 27, 2017, 06:35:42 AM
$60 oil is the sweet spot. If we get to that price and hold everybody is happy. The producers make lots of money the consumer is not too angry and the country exports a fortune and reduces its deficit. Couple that with the export of natural gas and that’s a formula for winning

....and then...

Crude's rally could be poised to test $60 per barrel, according to T3Live

https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html (https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html)

...and then

As oil passes major milestone, here’s what 2018 could hold

On Tuesday, WTI crude surged to its highest level since mid-2015, surpassing the $60-per-barrel milestone right before it settled, as an explosion at a pipeline in Libya prompted the loss of around 90,000 barrels of crude.

https://www.cnbc.com/2017/12/26/as-oil-passes-major-milestone-heres-what-2018-could-hold.html (https://www.cnbc.com/2017/12/26/as-oil-passes-major-milestone-heres-what-2018-could-hold.html)

Title: Re: Oil
Post by: morekaos on February 01, 2018, 11:16:41 AM
US oil production hits 10 million barrels per day for first time since 1970


http://www.washingtonexaminer.com/us-oil-production-hits-10-million-barrels-per-day-for-first-time-since-1970/article/2647696 (http://www.washingtonexaminer.com/us-oil-production-hits-10-million-barrels-per-day-for-first-time-since-1970/article/2647696)
Title: Re: Oil
Post by: OCLuvr on February 01, 2018, 11:50:26 AM
Shouldn't this bring prices down?
Title: Re: Oil
Post by: morekaos on February 14, 2018, 12:18:41 PM
Oil World Turns Upside Down as U.S. Sells Oil in Middle East

The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil.

Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December, according to data from the federal government. A tanker sailed from Houston and arrived in the Persian Gulf last month.

https://www.bloomberg.com/news/articles/2018-02-06/u-s-oil-heads-to-middle-east-in-latest-sign-of-shale-s-spread (https://www.bloomberg.com/news/articles/2018-02-06/u-s-oil-heads-to-middle-east-in-latest-sign-of-shale-s-spread)

U.S. could become world's biggest oil producer in 2018

The United States could soon be pumping more oil than any country on earth.
The International Energy Agency said Friday that "explosive" increases in U.S. oil output would push the country ahead of Saudi Arabia this year and put it in a position to challenge top producer Russia.

"This year promises to be a record-setting one for the U.S.," the IEA said. "Relentless growth should see the U.S. hit historic highs."

http://money.cnn.com/2018/01/19/investing/us-biggest-crude-oil-producer-iea/index.html (http://money.cnn.com/2018/01/19/investing/us-biggest-crude-oil-producer-iea/index.html)

Winning!
Title: Re: Oil
Post by: fortune11 on February 14, 2018, 12:59:24 PM
Oil World Turns Upside Down as U.S. Sells Oil in Middle East

The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil.

Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December, according to data from the federal government. A tanker sailed from Houston and arrived in the Persian Gulf last month.

https://www.bloomberg.com/news/articles/2018-02-06/u-s-oil-heads-to-middle-east-in-latest-sign-of-shale-s-spread (https://www.bloomberg.com/news/articles/2018-02-06/u-s-oil-heads-to-middle-east-in-latest-sign-of-shale-s-spread)

U.S. could become world's biggest oil producer in 2018

The United States could soon be pumping more oil than any country on earth.
The International Energy Agency said Friday that "explosive" increases in U.S. oil output would push the country ahead of Saudi Arabia this year and put it in a position to challenge top producer Russia.

"This year promises to be a record-setting one for the U.S.," the IEA said. "Relentless growth should see the U.S. hit historic highs."

http://money.cnn.com/2018/01/19/investing/us-biggest-crude-oil-producer-iea/index.html (http://money.cnn.com/2018/01/19/investing/us-biggest-crude-oil-producer-iea/index.html)

Winning!

Sorry to prick your balloon, but you do realize the so called "shale revolution" happened under Obama's watch, right  (2010 onwards). 

Obv Obama had no hand in it , it was the result of American ingenuity .

I keep coming back to .. . " never mix your money w your politics" :)
Title: Re: Oil
Post by: morekaos on February 14, 2018, 01:15:01 PM
More like Obama couldn't get in the way..

Congressional Leaders Agree to Lift 40-Year Ban on Oil Exports

Accord is a key component to deal on tax, spending legislation.

Dec. 16, 2015 10:38 a.m. ET
WASHINGTON—In a move considered unthinkable even a few months ago, congressional leaders have agreed to lift the nation’s 40-year-old ban on oil exports, a historic action that reflects political and  economic shifts driven by a boom in U.S. oil drilling.

The measure allowing oil exports is at the center of a deal that Republican leaders announced late Tuesday on spending and tax legislation. However, Democrats haven’t confirmed the agreement. the agreement hands the oil industry a long-sought victory within days of a major international climate deal that is aimed at sharply reducing emissions from oil and other fuels, a deal opposed by the industry and one that will arguably require its cooperation.

https://www.wsj.com/articles/congressional-leaders-agree-to-lift-40-year-ban-on-oil-exports-1450242995 (https://www.wsj.com/articles/congressional-leaders-agree-to-lift-40-year-ban-on-oil-exports-1450242995)

U.S. Energy Boom Depends On Team Trump Continuing To Deregulate

With such deregulation and changes in policy, there would be an opportunity for U.S. oil and gas production to reach its full potential. There would be greater incentives for more domestic exploration and production. Some studies say that allowing U.S. crude oil exports could generate up to $15 billion in annual revenue for oil producers.

And if conducted in tandem with increased investments in infrastructure and the repeal of the Jones Act, unrestricted exports would provide a boon for domestic oil development, generating economic growth, income, jobs and revenue along the production chain.

https://www.investors.com/politics/commentary/u-s-energy-boom-depends-on-team-trump-continuing-to-deregulate/ (https://www.investors.com/politics/commentary/u-s-energy-boom-depends-on-team-trump-continuing-to-deregulate/)
Title: Re: Oil
Post by: morekaos on February 14, 2018, 01:26:34 PM
You really think he wanted to encourage energy production?  Really?

The Keystone XL pipeline is dead. Here's why Obama rejected it.


https://www.vox.com/2015/11/6/9681340/obama-rejects-keystone-pipeline (https://www.vox.com/2015/11/6/9681340/obama-rejects-keystone-pipeline)

Obama administration orders ND pipeline construction to stop
BY DEVIN HENRY - 09/09/16 03:52 PM EDT
120,927
   

The Obama administration said it would not authorize construction on a critical stretch of the Dakota Access pipeline, handing a significant victory to the Indian tribe fighting the project the same day the group lost a court battle.

The administration said construction would halt until it can do more environmental assessments.

http://thehill.com/policy/energy-environment/295223-obama-administration-orders-nd-pipeline-construction-to-stop (http://thehill.com/policy/energy-environment/295223-obama-administration-orders-nd-pipeline-construction-to-stop)

Obama Fracking Rule Is Struck Down by
Court

By CORAL DAVENPORT JUNE 22, 2016
WASHINGTON — A federal judge on Tuesday night struck down an Obama
administration regulation on the use of hydraulic fracturing, or fracking, for oil and
gas on public lands, a blow to President Obama’s muscular stand on the extraction

https://www.nytimes.com/2016/06/23/us/politics/hydraulic-fracturing-interior-department-regulations.html (https://www.nytimes.com/2016/06/23/us/politics/hydraulic-fracturing-interior-department-regulations.html)
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 01:27:16 PM
You really think he wanted to encourage energy production?  Really?

The Keystone XL pipeline is dead. Here's why Obama rejected it.


https://www.vox.com/2015/11/6/9681340/obama-rejects-keystone-pipeline (https://www.vox.com/2015/11/6/9681340/obama-rejects-keystone-pipeline)

Obama administration orders ND pipeline construction to stop
BY DEVIN HENRY - 09/09/16 03:52 PM EDT
120,927
   

The Obama administration said it would not authorize construction on a critical stretch of the Dakota Access pipeline, handing a significant victory to the Indian tribe fighting the project the same day the group lost a court battle.

The administration said construction would halt until it can do more environmental assessments.

http://thehill.com/policy/energy-environment/295223-obama-administration-orders-nd-pipeline-construction-to-stop (http://thehill.com/policy/energy-environment/295223-obama-administration-orders-nd-pipeline-construction-to-stop)

Obama Fracking Rule Is Struck Down by
Court

By CORAL DAVENPORT JUNE 22, 2016
WASHINGTON — A federal judge on Tuesday night struck down an Obama
administration regulation on the use of hydraulic fracturing, or fracking, for oil and
gas on public lands, a blow to President Obama’s muscular stand on the extraction

https://www.nytimes.com/2016/06/23/us/politics/hydraulic-fracturing-interior-department-regulations.html (https://www.nytimes.com/2016/06/23/us/politics/hydraulic-fracturing-interior-department-regulations.html)

Apparently oil is the only method to produce energy.
Title: Re: Oil
Post by: morekaos on February 14, 2018, 01:30:22 PM
The wonderful and profitable bi-product is massive amounts of natural gas production.  In fact, the most productive fields on earth are right here in the good old US of A.  Controlled by us and sold by us.  That is  a winning combination for our economy.
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 01:40:24 PM
The wonderful and profitable bi-product is massive amounts of natural gas production.  In fact, the most productive fields on earth are right here in the good old US of A.  Controlled by us and sold by us.  That is  a winning combination for our economy.

Of course...Keystone XL pipeline was to be use to transport Canadian tar sand oil out of Canada.
Title: Re: Oil
Post by: morekaos on February 14, 2018, 01:52:59 PM
To our southern refineries and eventual consumption or export.  Either way it means energy based economic profits.  Obama's administration stifled that growth.
Title: Re: Oil
Post by: fortune11 on February 14, 2018, 01:55:26 PM
Again facts versus “feelings “

Unfortunately I am resigned to looking at hard data :) as opposed how I feel what someone wanted or not wanted

Obv I don’t like Trumps corrosive effect on our country  . At the same time , I don’t like majority of CA Dem politicians  either . but when it is a choice (relative value) I can live w the dems over the abyss that is trump and his hardcore base

Doesn’t stop me from participating in the stock market when it sells off 10 percent  , because I am not “sulking “ but looking at objective data

Oil and gas companies have long been sheltered from taxes under every administration . And most laws governing oil production are state level laws , not federal .
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 02:00:55 PM
To our southern refineries and eventual consumption or export.  Either way it means energy based economic profits.  Obama's administration stifled that growth.

Apparently green energy growth doesn't count.
Title: Re: Oil
Post by: morekaos on February 14, 2018, 02:04:18 PM
Laws banning export of petroleum were federal.  Republicans struck down those laws in 2015 paving the way for the export boom we are now witnessing.  Production without buyers is a bit pointless.  Oil and gas has to get to those export points somehow...pipelines help a lot. Politically, philosophically and administratively Obama and the democrats discouraged dirty fossil fuel production.  Whether you agree with them or not, they felt investment in more expensive "renewable " energy was "better".  Economics win out on this one,  it is all about the numbers.
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 02:09:36 PM
Laws banning export of petroleum were federal.  Republicans struck down those laws in 2015 paving the way for the export boom we are now witnessing.  Production without buyers is a bit pointless.  Oil and gas has to get to those export points somehow...pipelines help a lot. Politically, philosophically and administratively Obama and the democrats discouraged dirty fossil fuel production.  Whether you agree with them or not, they felt investment in more expensive "renewable " energy was "better".  Economics win out on this one,  it is all about the numbers.

Because investment in renewable energy is sustainable and contributes to local economies.  Oil production may only benefits a few sections of the country while green energy can be replicated and used throughout the country.  It would allow decentralization of power production and allow a stronger and more sustainable power grid. 

Why do Republicans always think 20 years behind? 
Title: Re: Oil
Post by: morekaos on February 14, 2018, 02:16:50 PM
Nominal production and contribution. Stick with the one who brought ya.

Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 02:28:04 PM
Nominal production and contribution. Stick with the one who brought ya.

That's dumb...we should just stick with horse and buggy then.  Look at what China and India are doing.
Title: Re: Oil
Post by: morekaos on February 14, 2018, 02:33:00 PM
Why do you think the price of "clean, renewable" energy is so high?  Is it because its free?  It is not. We sit on so much fossil fuel energy that it will still be powering our world in "20" years.  Its not free but it is plentiful and cheap.  You really think the Chinese believe in global warming?  They control the means of production and that only produces when cheap plentiful energy is available.  Sure they signed the Paris Climate agreement because it cost them nothing and hobbled their competition (US). They went right on buying "dirty" coal, natural gas and oil from anyone who can sell it to them.  Clean energy is a nice story but it can't compete in a energy hungry world without subsidies.  When it can compete, it will but for now we control the levers of energy.  That has been politically driven,  That's a good thing.
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 02:43:23 PM
Why do you think the price of "clean, renewable" energy is so high?  Is it because its free?  It is not. We sit on so much fossil fuel energy that it will still be powering our world in "20" years.  Its not free but it is plentiful and cheap.  You really think the Chinese believe in global warming?  They control the means of production and that only produces when cheap plentiful energy is available.  Sure they signed the Paris Climate agreement because it cost them nothing and hobbled their competition (US). They went right on buying "dirty" coal, natural gas and oil from anyone who can sell it to them.  Clean energy is a nice story but it can't compete in a energy hungry world without subsidies.  When it can compete, it will but for now we control the levers of energy.  That has been politically driven,  That's a good thing.

Yes...I absolutely believe that the Chinese believe in global warming.  Chinese government is a lot of stupid things but it is pragmatic.    It realizes that renewable energy allows it to 1) take the lead in renewable energy production and industries, 2) control and maintain domestic power production, and 3) be a leader in the world where renewable energy is the the future.   

http://money.cnn.com/2017/07/18/technology/china-us-clean-energy-solar-farm/index.html

Only GOP thinks in 1970s terms.
Title: Re: Oil
Post by: morekaos on February 14, 2018, 02:47:36 PM
I'd rather wield the energy stick over them, and also trump Russian on supplying plentiful, cheap, reliable  and profitable natural gas to western Europe.  For now we control the market.  I like that.
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 02:48:07 PM
I'd rather wield the energy stick over them, and also trump Russian on supplying plentiful, cheap, reliable  and profitable natural gas to western Europe.  For now we control the market.  I like that.

Keep thinking in 1970s terms.
Title: Re: Oil
Post by: morekaos on February 14, 2018, 02:54:14 PM
No, they got it wrong back then...

What Hubbert Got Wrong About Peak Oil

Hubbert's fame in peak oil circles comes primarily from the assertion that he accurately predicted the 1970 U.S. peak. Because of this prediction, Hubbert is widely-regarded among peak oil adherents as a visionary.
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 03:01:43 PM
No, they got it wrong back then...

What Hubbert Got Wrong About Peak Oil

Hubbert's fame in peak oil circles comes primarily from the assertion that he accurately predicted the 1970 U.S. peak. Because of this prediction, Hubbert is widely-regarded among peak oil adherents as a visionary.

Keep thinking in the 1970s terms.
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 04:21:02 PM
BTW...apparently climate change is not a hoax for the American intelligence community

Quote
"Extreme weather events in a warmer world have the potential for greater impacts and can compound with other drivers to raise the risk of humanitarian disasters, conflict, water and food shortages, population migration, labor shortfalls, price shocks, and power outages," the intelligence threat assessment said. It was presented as the written testimony of Dan Coats, the director of national intelligence appointed by President Donald Trump.

"Worsening air pollution from forest burning, agricultural waste incineration, urbanization, and rapid industrialization—with increasing public awareness—might drive protests against authorities, such as those recently in China, India, and Iran," the assessment said.

"Accelerating biodiversity and species loss—driven by pollution, warming, unsustainable fishing, and acidifying oceans—will jeopardize vital ecosystems that support critical human systems. Recent estimates suggest that the current extinction rate is 100 to 1,000 times the natural extinction rate."

Water scarcity and disease outbreaks, two problems related to climate change, also pose risks, it said.

So does the most striking sign of the upheaval, waves of refugees displaced by complex stresses of climate, disease, poverty and other destabilizing factors, the report warned.

"Challenges from urbanization and migration will persist, while the effects of air pollution, inadequate water, and climate change on human health and livelihood will become more noticeable," the assessment said. "Domestic policy responses to such issues will become more difficult—especially for democracies—as publics become less trusting of authoritative information sources."

https://insideclimatenews.org/news/13022018/climate-change-conflict-disasters-worldwide-threat-assessment-intelligence-agencies-refugees
Title: Re: Oil
Post by: morekaos on February 14, 2018, 04:36:24 PM
So what? Even if One stipulates it exists, there’s nothing that can be done about it. Better to adapt. We will be burning fossil fuels long after you and I are dust. Just too cheap and plentiful. It’s all about the numbers.
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 04:51:46 PM
So what? Even if One stipulates it exists, there’s nothing that can be done about it. Better to adapt. We will be burning fossil fuels long after you and I are dust. Just too cheap and plentiful. It’s all about the numbers.

You are literally advocating the opposite of adapting.
Title: Re: Oil
Post by: morekaos on February 14, 2018, 05:17:59 PM
Not at all. You learn to live with it and move on. We adapted well to the 70’s prediction of global cooling just fine. ( by the way, also caused by man made pollution). We will (if it ever happens) adapt to global warming.


Science: Another Ice Age?

Monday, Nov. 13, 1972

The arrival of another ice age has long been a chilling theme of science fiction. If the earth's recent history is any clue, says Marine Geologist Cesare Emiliani of the University of Miami, a new ice age could become a reality.

Writing in Science, Emiliani reports that the earth has undergone at least eight periods of extreme cold and seven of torrid heat in the past 400,000 years. His conclusion is based on cores of ocean sediment from the Caribbean. Composed of the remains of tiny sea animals, the layered sediment provides a record of climatic changes

http://content.time.com/time/magazine/article/0,9171,910467,00. (http://content.time.com/time/magazine/article/0,9171,910467,00.)

Title: Re: Oil
Post by: morekaos on February 14, 2018, 05:30:09 PM
Why do you think the price of "clean, renewable" energy is so high?  Is it because its free?  It is not. We sit on so much fossil fuel energy that it will still be powering our world in "20" years.  Its not free but it is plentiful and cheap.  You really think the Chinese believe in global warming?  They control the means of production and that only produces when cheap plentiful energy is available.  Sure they signed the Paris Climate agreement because it cost them nothing and hobbled their competition (US). They went right on buying "dirty" coal, natural gas and oil from anyone who can sell it to them.  Clean energy is a nice story but it can't compete in a energy hungry world without subsidies.  When it can compete, it will but for now we control the levers of energy.  That has been politically driven,  That's a good thing.

Yes...I absolutely believe that the Chinese believe in global warming.  Chinese government is a lot of stupid things but it is pragmatic.    It realizes that renewable energy allows it to 1) take the lead in renewable energy production and industries, 2) control and maintain domestic power production, and 3) be a leader in the world where renewable energy is the the future.   

http://money.cnn.com/2017/07/18/technology/china-us-clean-energy-solar-farm/index.html

Only GOP thinks in 1970s terms.


Yes, yes the Chinese are true believers and so progressive  and caring. But it looks as if they would rather lead from behind or maybe lead from the obscured .

Major China regions see smog worsen, adding to fears polluters are moving south

(Reuters) - The Yangtze River Delta region near Shanghai saw a key smog measure rise by a fifth in January, making it more polluted than Beijing and raising fears that the pollution crackdown in the north has forced heavy industries to head south.

Though concentrations of small, breathable particles known as PM2.5 fell 17.9 percent year on year to 64 micrograms per cubic meter in 338 cities nationwide in January, the Yangtze River Delta registered an average of 72 micrograms, up 20 percent, according to official data published on Monday.

https://in.mobile.reuters.com/article/amp/idINKBN1FW0H3 (https://in.mobile.reuters.com/article/amp/idINKBN1FW0H3)
Title: Re: Oil
Post by: Irvinecommuter on February 14, 2018, 05:44:43 PM
Why do you think the price of "clean, renewable" energy is so high?  Is it because its free?  It is not. We sit on so much fossil fuel energy that it will still be powering our world in "20" years.  Its not free but it is plentiful and cheap.  You really think the Chinese believe in global warming?  They control the means of production and that only produces when cheap plentiful energy is available.  Sure they signed the Paris Climate agreement because it cost them nothing and hobbled their competition (US). They went right on buying "dirty" coal, natural gas and oil from anyone who can sell it to them.  Clean energy is a nice story but it can't compete in a energy hungry world without subsidies.  When it can compete, it will but for now we control the levers of energy.  That has been politically driven,  That's a good thing.

Yes...I absolutely believe that the Chinese believe in global warming.  Chinese government is a lot of stupid things but it is pragmatic.    It realizes that renewable energy allows it to 1) take the lead in renewable energy production and industries, 2) control and maintain domestic power production, and 3) be a leader in the world where renewable energy is the the future.   

http://money.cnn.com/2017/07/18/technology/china-us-clean-energy-solar-farm/index.html

Only GOP thinks in 1970s terms.


Yes, yes the Chinese are true believers and so progressive  and caring. But it looks as if they would rather lead from behind or maybe lead from the obscured .

Major China regions see smog worsen, adding to fears polluters are moving south

(Reuters) - The Yangtze River Delta region near Shanghai saw a key smog measure rise by a fifth in January, making it more polluted than Beijing and raising fears that the pollution crackdown in the north has forced heavy industries to head south.

Though concentrations of small, breathable particles known as PM2.5 fell 17.9 percent year on year to 64 micrograms per cubic meter in 338 cities nationwide in January, the Yangtze River Delta registered an average of 72 micrograms, up 20 percent, according to official data published on Monday.

https://in.mobile.reuters.com/article/amp/idINKBN1FW0H3 (https://in.mobile.reuters.com/article/amp/idINKBN1FW0H3)

I am going to assume at this point that you don't actually read my post because I literally said that the Chinese government is pragmatic.   Chinese government is serious about climate change, green energy, and pollution...has nothing to do with whether they are progressive or caring...it's the pragmatic thing to do.

https://www.npr.org/sections/parallels/2017/10/23/559009961/china-shuts-down-tens-of-thousands-of-factories-in-unprecedented-pollution-crack

http://www.china-briefing.com/news/2017/12/11/chinas-pollution-crackdown-business-impacts.html

https://www.nytimes.com/2018/01/02/climate/china-cars-pollution.html

https://www.theguardian.com/world/2017/sep/11/china-to-ban-production-of-petrol-and-diesel-cars-in-the-near-future

http://www.scmp.com/news/china/society/article/2131862/coal-cars-beijing-moves-gear-war-against-air-pollution

Keep believing that the world is in the 1970s.
Title: Re: Oil
Post by: morekaos on February 14, 2018, 06:32:05 PM
Oh baloney, that’s all for show. The Chinese government  believes in one thing, economic and military dominance. They could care less about the rest of the world, or for that matter the majority of their own people. If I believed like a 70’s world I would think an ice age is coming, oil and world resources were about to run out, and populations were about to explode and eat all the food and water on earth...kinda like todays elites. And their counterparts today will be just as wrong.
Title: Re: Oil
Post by: morekaos on February 14, 2018, 07:33:48 PM
And right on cue, China grab another big handful. I’d rather be holding the energy leash on these guys  then be on the other end of the leash with them staking it down.

China: We are a 'Near-Arctic State' and we want a 'Polar Silk Road'

he crux of the issue, according to many analysts, is that the Arctic could tip the already rising tensions between the U.S. and China, but the situation may have been exaggerated, according to Zhang.

"Many experts are pointing to the South China Sea dispute as the eventual outcome to China's Arctic involvement, but the strategic value of the Arctic simply does not make sense for China to engage in confrontational behavior," Zhang said.

This is because "even though the Arctic Circle contains large amounts of untapped resources, as well as being a potential trade route, the full potential of the Arctic to become commercially viable seems to be at least a decade away," the Stratfor analyst said.

In the South China Sea, a resource-rich and strategic region where several nations have claims, China has ignored maritime law and a legally binding tribunal ruling by building islands there.

Another reason why fears of dispute may be unfounded is the fact that China lacks any semblance of geographical claim in the Arctic, unlike in the South China Sea, said Andrew Holland, director of studies and senior fellow for energy and climate at non-partisan research organization American Security Project.

https://www.cnbc.com/2018/02/14/china-we-are-a-near-arctic-state-and-we-want-a-polar-silk-road.html (https://www.cnbc.com/2018/02/14/china-we-are-a-near-arctic-state-and-we-want-a-polar-silk-road.html)
Title: Re: Oil
Post by: fortune11 on February 14, 2018, 08:33:06 PM
This thread is way off topic - I just realized eyephone's original question was "should he get back into oil" - 3 years ago -- was the correct question to ask , and assuming he did do something about it, a decent tactical investment at the time

Anyways we are yet again drowning in loads of hyperbole,  so I will do a quick cliff notes version for the benefit of anyone who is still browsing through this and then I will shut up --

The story of oil is very simple -- supply and demand.  Everyone remembers how expensive oil was in mid 2000s to 2008 ?  that was when emerging countries (china etc) were investing at breakneck pace and were devouring massive amounts of oil -  that incidentally, also led to inflation creeping into every other commodity (since oil is used to transport them all).  Up until now OPEC and Russia are in charge since they have the largest reserves.  So far US is only producing from conventional wells

At this point there is no policy (republicans or democrat) strangling or promoting oil - it is just that drilling for oil is primarily in offshore and conventional wells. that are in decline and production cant keep pace with demand.  fracking is still in experimental stages

Fast forward to 2012 - now fracking has really matured, costs for materials used to frack has come down, computers are much faster and can be used to map geology better for precise drilling -- and American entrepreneurs  never let a good opportunity go to waste - so Texas and Oklahoma become ground zero for this new growth in US oil production called the "shale revolution "

Funny thing about shale is - it holds lots and lots of oil which was there all along but the tech was not there to exploit it -- so overnight (not literally but metaphorically) , US reserves balloon and production forecasts go up.  Imports start to go down.  Now the world is awash in oil  - which would be fine but what happens next ? emerging markets (including China) hit a rough patch in 2015 -- so demand goes down and now we are in a freefall in oil prices. 

But as with all things - cure for low prices is ? Low prices .  Prices drop enough that production starts to get shut off and this coupled with OPEC's continued production cuts starts to balance the oil market.

It is as simple as that.  Conspiracy theorists read too much into everything , but this is all there is to it. 
Title: Re: Oil
Post by: eyephone on May 08, 2018, 11:22:46 AM
Time to buy oil? US pulling out of US Iran deal.
Title: Re: Oil
Post by: Kings on May 08, 2018, 12:59:42 PM
Time to buy oil? US pulling out of US Iran deal.

time to buy would have been months ago.  buy the rumor, sell the news.
Title: Re: Oil
Post by: morekaos on October 31, 2018, 08:44:34 AM
Ok so we got 660 m barrels in spr some of it sweet , some heavy

Leave aside the question of if refineries can use all of it - as many are configured for one type or the other , we will grant that everything is usable

The price of west Texas crude has fallen from 75 to 66 in a matter of a month ? Was the spr released during this time ? No . Why is it falling ? Maybe concerns around demand slowdown ? Hedge funds liquidating ? Risk parity funds ? General risk off ? No one knows

The crude oil market is global . And how much is global demand? About 110 to 120 million barrels per day - so how many days of demand is the spr ? 6 days !!

How much US shale produce each day ? 11 mm barrels ? Are we hurting saudis or are we hurting ourselves by releasing the spr , which in the best case scenario , Covers only 6 days of demand

And all of thinking - oh we will just trap it at home , I have news for you . Oil market is global and exports are now legal , how will you distinguish what oil is from shale and what is from spr ?

But hey , I can just MAGA !! And high five my fellow buddies on this forum and declare winning .  Ignorance is bliss :)

There, that's better.  Let's use your numbers and look at this logically.  First, lets say we sell half of the SPR thats around 330 million barrels of oil at a basic cost of around $20 pbl.  That would equate to around $20 Billion dollars flowing into the federal coffers....not a bad investment and return for the people.  Second, no one could believe that 330 million barrels would hit the market all at once and that the rest of the world would suddenly stop production.  Assume all producers remain at their current capacity and we add around 2 million barrels a day to US production and sales.  It would take almost half a year to clear the inventory and the addition almost 20% to US sales is significant.  Lets say we want to really effect the market price.  Front load it and dump 5 million on the market.  Believe me, that is swing production control with our hand on the spigot and we could keep that up for months if we wanted to.  Third, this sends a message that we are now in the drivers seat as far a swing production is concerned.  No OPEC to try and stifle or control us...screw them. 
Title: Re: Oil
Post by: fortune11 on October 31, 2018, 09:07:16 AM
Ok so we got 660 m barrels in spr some of it sweet , some heavy

Leave aside the question of if refineries can use all of it - as many are configured for one type or the other , we will grant that everything is usable

The price of west Texas crude has fallen from 75 to 66 in a matter of a month ? Was the spr released during this time ? No . Why is it falling ? Maybe concerns around demand slowdown ? Hedge funds liquidating ? Risk parity funds ? General risk off ? No one knows

The crude oil market is global . And how much is global demand? About 110 to 120 million barrels per day - so how many days of demand is the spr ? 6 days !!

How much US shale produce each day ? 11 mm barrels ? Are we hurting saudis or are we hurting ourselves by releasing the spr , which in the best case scenario , Covers only 6 days of demand

And all of thinking - oh we will just trap it at home , I have news for you . Oil market is global and exports are now legal , how will you distinguish what oil is from shale and what is from spr ?

But hey , I can just MAGA !! And high five my fellow buddies on this forum and declare winning .  Ignorance is bliss :)

There, that's better.  Let's use your numbers and look at this logically.  First, lets say we sell half of the SPR thats around 330 million barrels of oil at a basic cost of around $20 pbl.  That would equate to around $20 Billion dollars flowing into the federal coffers....not a bad investment and return for the people.  Second, no one could believe that 330 million barrels would hit the market all at once and that the rest of the world would suddenly stop production.  Assume all producers remain at their current capacity and we add around 2 million barrels a day to US production and sales.  It would take almost half a year to clear the inventory and the addition almost 20% to US sales is significant.  Lets say we want to really effect the market price.  Front load it and dump 5 million on the market.  Believe me, that is swing production control with our hand on the spigot and we could keep that up for months if we wanted to.  Third, this sends a message that we are now in the drivers seat as far a swing production is concerned.  No OPEC to try and stifle or control us...screw them. 

But the oil price already went down 15 percent without all this

Do you know why

Let’s say we depress it short term by another  20 percent doing what you say

Then the oil producing red states go through a slowdown again like they did back in 2015

Do repubs want that ?

And then what happens to the “strategic “ part of the strategic petroleum reserve . What if then, we really need to use it ?
Title: Re: Oil
Post by: morekaos on October 31, 2018, 09:19:55 AM
Again, I'm not advocating for driving oil back to $27 a barrel. I think a stable price of around $60 a barrel is most desirable.  At that price consumers are fine with it and producers are still profitable.  The policy of selling from the SPR gives US control of price stability.  What people did not realize was our ability to adjust to price elasticity because our production is just sitting in some guys back yard not bundled up in a $20 billion dollar deep water rig that has to keep pumping no matter what the price of oil.  Producers, and more importantly banks, realized that all we needed to do was cork it up and wait.  The oil in bob's back yard wasn't going anywhere and now you had a proven reserve just sitting there till prices recovered.  Banks did not foreclose  and when prices recovered we just uncorked and pumped.  Now our SPR is always available so no need to keep it separated, we still can maintain 330 MBL if you want but thats all.
Title: Re: Oil
Post by: Perspective on October 31, 2018, 09:29:21 AM
It's right there in the Constitution. The state shall intervene in any market where the price exceeds acceptable boundaries, and return it to the desired level.
Title: Re: Oil
Post by: morekaos on October 31, 2018, 09:38:21 AM
Why do you think the price of "clean, renewable" energy is so high?  Is it because its free?  It is not. We sit on so much fossil fuel energy that it will still be powering our world in "20" years.  Its not free but it is plentiful and cheap.  You really think the Chinese believe in global warming?  They control the means of production and that only produces when cheap plentiful energy is available.  Sure they signed the Paris Climate agreement because it cost them nothing and hobbled their competition (US). They went right on buying "dirty" coal, natural gas and oil from anyone who can sell it to them.  Clean energy is a nice story but it can't compete in a energy hungry world without subsidies.  When it can compete, it will but for now we control the levers of energy.  That has been politically driven,  That's a good thing.

Yes...I absolutely believe that the Chinese believe in global warming.  Chinese government is a lot of stupid things but it is pragmatic.    It realizes that renewable energy allows it to 1) take the lead in renewable energy production and industries, 2) control and maintain domestic power production, and 3) be a leader in the world where renewable energy is the the future.   

http://money.cnn.com/2017/07/18/technology/china-us-clean-energy-solar-farm/index.html

Only GOP thinks in 1970s terms.


Yes, yes the Chinese are true believers and so progressive  and caring. But it looks as if they would rather lead from behind or maybe lead from the obscured .

Major China regions see smog worsen, adding to fears polluters are moving south

(Reuters) - The Yangtze River Delta region near Shanghai saw a key smog measure rise by a fifth in January, making it more polluted than Beijing and raising fears that the pollution crackdown in the north has forced heavy industries to head south.

Though concentrations of small, breathable particles known as PM2.5 fell 17.9 percent year on year to 64 micrograms per cubic meter in 338 cities nationwide in January, the Yangtze River Delta registered an average of 72 micrograms, up 20 percent, according to official data published on Monday.

https://in.mobile.reuters.com/article/amp/idINKBN1FW0H3 (https://in.mobile.reuters.com/article/amp/idINKBN1FW0H3)

I am going to assume at this point that you don't actually read my post because I literally said that the Chinese government is pragmatic.   Chinese government is serious about climate change, green energy, and pollution...has nothing to do with whether they are progressive or caring...it's the pragmatic thing to do.

https://www.npr.org/sections/parallels/2017/10/23/559009961/china-shuts-down-tens-of-thousands-of-factories-in-unprecedented-pollution-crack

http://www.china-briefing.com/news/2017/12/11/chinas-pollution-crackdown-business-impacts.html

https://www.nytimes.com/2018/01/02/climate/china-cars-pollution.html

https://www.theguardian.com/world/2017/sep/11/china-to-ban-production-of-petrol-and-diesel-cars-in-the-near-future

http://www.scmp.com/news/china/society/article/2131862/coal-cars-beijing-moves-gear-war-against-air-pollution

Keep believing that the world is in the 1970s.

Don't believe what they spoon feed the world...actions speak louder than words.


The U.S. Coal Export Boom To Asia

Globally, coal is even more alive. "Think the Big Banks Have Abandoned Coal? Think Again." Even a solar magazine admits: "China to add 259 GW of coal capacity, satellite imagery shows." For reference, 259 GW is more than twice the amount of power capacity that mighty Texas has FROM ALL SOURCES.

Now Asia - which accounts for close to 80% of total global coal usage - is increasingly turning to the U.S. to supply coal. We are still the world's third largest coal producer. The U.S. supplies both types, met coal to produce steel and steam coal to produce electricity. "U.S. coal exports increased by 61% in 2017 as exports to Asia more than doubled."

The U.S. has a 360-year supply of coal to bolster our expanding export market. The trade war with the U.S. however, could have China looking to expand domestic supply, and the country's coal production caps have been found to be "technically infeasible."

The fact is that both China (65%) and India (75%) are hugely dependent upon coal-based electricity, which will be needed in even bigger quantities to lift their low Human Development Index closer to those in the West, where universal electricity access has more people living better and longer. Can you really blame them? "The Statistical Connection Between Electricity and Human Development."

https://www.forbes.com/sites/judeclemente/2018/10/07/the-u-s-coal-export-boom-to-china/#4b956e883454 (https://www.forbes.com/sites/judeclemente/2018/10/07/the-u-s-coal-export-boom-to-china/#4b956e883454)

U.S. coal exports increased by 61% in 2017 as exports to Asia more than doubled

https://www.eia.gov/todayinenergy/detail.php?id=35852 (https://www.eia.gov/todayinenergy/detail.php?id=35852)
Title: Re: Oil
Post by: morekaos on October 31, 2018, 09:43:14 AM
It's right there in the Constitution. The state shall intervene in any market where the price exceeds acceptable boundaries, and return it to the desired level.

In this instance where energy is a national security issue and in our better interest, yes I would rather the control of that asset and its price be in our hands and not OPEC's or the Russians or the Iranians.  Better the devil you know..
Title: Re: Oil
Post by: Perspective on October 31, 2018, 09:50:39 AM
It's right there in the Constitution. The state shall intervene in any market where the price exceeds acceptable boundaries, and return it to the desired level.

In this instance where energy is a national security issue and in our better interest, yes I would rather the control of that asset and its price be in our hands and not OPEC's or the Russians or the Iranians.  Better the devil you know..

You now can never on this board, complain about anything being "un-Constitutional," without being called out.
Title: Re: Oil
Post by: morekaos on October 31, 2018, 09:56:44 AM
The caveat is "national security issue".
Title: Re: Oil
Post by: Happiness on October 31, 2018, 10:00:52 AM
It's right there in the Constitution. The state shall intervene in any market where the price exceeds acceptable boundaries, and return it to the desired level.

Did you know the government has for decades maintained vast caverns full of  preserved dairy products? Since you are an affluent person, you've probably never seen government cheese or powdered milk which is something we ghetto kids are all too familiar with.

When the price of milk drops below a certain level, the USDA will start buying milk until the price goes back up to stabilize the dairy industry, which is a strategic industry.
Title: Re: Oil
Post by: Perspective on October 31, 2018, 10:04:31 AM
It's right there in the Constitution. The state shall intervene in any market where the price exceeds acceptable boundaries, and return it to the desired level.

Did you know the government has for decades maintained vast caverns full of  preserved dairy products? Since you are an affluent person, you've probably never seen government cheese or powdered milk which is something we ghetto kids are all too familiar with.

When the price of milk drops below a certain level, the USDA will start buying milk until the price goes back up to stabilize the dairy industry, which is a strategic industry.

UNCONSTITUTIONAL!!! As a standard Republican would say today to this.
Title: Re: Oil
Post by: fortune11 on October 31, 2018, 11:26:22 AM
Not to derail this thread but here is our constitutional scholar

Ted Cruz in 2011: "The 14th Amendment provides for birthright citizenship."

Ted Cruz today in 2018: "I would need to examine the legal arguments behind an executive order, and I haven’t seen those yet."

To add — "And I will take my ugly wife and assassin father and move back to Canada if the ZombieMaster who ate my self-worth decrees it."
Title: Re: Oil
Post by: morekaos on December 12, 2018, 10:27:17 AM
We control the horizontal...we control the vertical...Take that Paris Climate Agreement!!

Feds Discover Largest Oil, Natural-Gas Reserve in History

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

COMMENTS
Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

“American strength flows from American energy, and as it turns out, we have a lot of American energy,” said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/ (https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/)

U.S. Becomes a Net Oil Exporter for First Time in 75 Years


America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

http://fortune.com/2018/12/06/oil-exports-us/ (http://fortune.com/2018/12/06/oil-exports-us/)


https://youtu.be/FCcdr4O-3gE (https://youtu.be/FCcdr4O-3gE)
Title: Re: Oil
Post by: morekaos on December 12, 2018, 11:11:53 AM
Why do you think the price of "clean, renewable" energy is so high?  Is it because its free?  It is not. We sit on so much fossil fuel energy that it will still be powering our world in "20" years.  Its not free but it is plentiful and cheap.  You really think the Chinese believe in global warming?  They control the means of production and that only produces when cheap plentiful energy is available.  Sure they signed the Paris Climate agreement because it cost them nothing and hobbled their competition (US). They went right on buying "dirty" coal, natural gas and oil from anyone who can sell it to them.  Clean energy is a nice story but it can't compete in a energy hungry world without subsidies.  When it can compete, it will but for now we control the levers of energy.  That has been politically driven,  That's a good thing.

Yes...I absolutely believe that the Chinese believe in global warming.  Chinese government is a lot of stupid things but it is pragmatic.    It realizes that renewable energy allows it to 1) take the lead in renewable energy production and industries, 2) control and maintain domestic power production, and 3) be a leader in the world where renewable energy is the the future.   

http://money.cnn.com/2017/07/18/technology/china-us-clean-energy-solar-farm/index.html

Only GOP thinks in 1970s terms.

Don't trust the Chinese, they think in 1970's terms...


China is building coal power again

Experts are calling for the government to return to cutting capacity after policy reversal, reports Feng Hao

the sector’s resurgence is wildly out of line with the Paris Agreement, which commits countries to limiting the average global temperature rise from climate change by 2 degrees Celsius above the pre-industrial period.

Facts on the ground

Satellite imagery reveals that many coal-fired power projects that were halted by the Chinese government have quietly restarted.

Analysis by CoalSwarm estimates that 46.7 gigawatts of new and restarted coal-fired power construction is visible based on satellite imagery supplied by Planet Labs. The coal-fired power plants are either generating power or will soon be operational. If all the plants reach completion they would increase China’s coal-fired power capacity by 4%.

https://www.chinadialogue.net/blog/10761-China-is-building-coal-power-again/en (https://www.chinadialogue.net/blog/10761-China-is-building-coal-power-again/en)
Title: Re: Oil
Post by: morekaos on September 16, 2019, 12:17:45 PM
We control the horizontal...we control the vertical...Take that Paris Climate Agreement!!

Feds Discover Largest Oil, Natural-Gas Reserve in History

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

COMMENTS
Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

“American strength flows from American energy, and as it turns out, we have a lot of American energy,” said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/ (https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/)

U.S. Becomes a Net Oil Exporter for First Time in 75 Years


America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

http://fortune.com/2018/12/06/oil-exports-us/ (http://fortune.com/2018/12/06/oil-exports-us/)


https://youtu.be/FCcdr4O-3gE (https://youtu.be/FCcdr4O-3gE)

Anybody care to guess where oil prices would be today if this was not our reality?  Drill baby drill!! saved us...

Brent crude oil jumps the most in history after Saudi attacks


Oil prices soared after a coordinated attack hit the heart of Saudi Arabia’s oil industry on Saturday, forcing the kingdom to cut its oil output in half.

Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel at the open, the biggest jump on record. The contract closed the session up 14.6% at $69.02.

U.S. West Texas Intermediate futures climbed as much as 15.5% to $63.34, the biggest climb since December 2008. The contract settled at $62.9, up $8.05 or 14.8%.

https://www.cnbc.com/2019/09/15/us-crude-oil-jumps-15percent-after-drone-strikes-disrupt-saudi-crude-production.html (https://www.cnbc.com/2019/09/15/us-crude-oil-jumps-15percent-after-drone-strikes-disrupt-saudi-crude-production.html)
Title: Re: Oil
Post by: morekaos on September 16, 2019, 12:37:13 PM
$60 oil is the sweet spot. If we get to that price and hold everybody is happy. The producers make lots of money the consumer is not too angry and the country exports a fortune and reduces its deficit. Couple that with the export of natural gas and that’s a formula for winning

I still think this stands...we are just fine.
Title: Re: Oil
Post by: morekaos on November 23, 2021, 02:41:09 PM
Time to revive this thread…the Chancellor of energy has no idea how much oil (energy) we consume on a day when the Ministry of Plenty felt they needed to deplete ou strategic oil reserve to try and control prices (not an emergency and totally ineffective). Dumb and dumber.

Biden’s Energy Secretary Has No Idea How Much Oil Americans Need


Speaking to reporters at the White House Tuesday afternoon, Department of Energy Secretary Jennifer Granholm was asked how many barrels of oil Americans consume and need each day. She claimed she didn't have the answer.

The answer is 18 million barrels, which exposes President Biden's move to release 50 million barrels from the  Strategic Petroleum Reserve as a futile, political move.

https://townhall.com/tipsheet/katiepavlich/2021/11/23/bidens-energy-secretary-has-no-idea-how-much-oil-americans-need-n2599575 (https://townhall.com/tipsheet/katiepavlich/2021/11/23/bidens-energy-secretary-has-no-idea-how-much-oil-americans-need-n2599575)
Title: Re: Oil
Post by: morekaos on January 25, 2022, 12:04:46 PM
I preferred "Winning"...

More "overperforming?" After Keystone XL cancelation, we're now importing more oil from Russia

One year since President Joe Biden cancelled approval for the Keystone XL pipeline from Canada, and the United States’ thirst for oil is as strong as ever and rising.

U.S. oil imports from Saudi Arabia and Russia have increased, and gasoline prices are higher than they have been in the last five years

https://energynow.com/2022/01/huge-mistake-one-year-later-keystone-xl-cancellation-represents-a-massive-missed-opportunity/
Title: Re: Oil
Post by: morekaos on February 11, 2022, 12:29:52 PM
No...our domestic energy system did not get Covid...it got Brandon, and that is more fatal...

Biden's oil nightmare

In early December, oil was trading at $65 per barrel.  Today, it's over $90, which is more than a 50% increase in a little over a couple of months.  This past week, the average price of gasoline in the United States hit a seven-year high at the pump, but there's still much more to come.  And while the U.S. Energy Information Administration these past few weeks predicted that prices will now decline continuously well into 2023, oil traders are pricing for $100 per barrel and higher in the next several months.

The go-to scapegoat for every problem the administration faces seems to be COVID, and it's not at all different with this self-imposed oil crisis.  Yes, demand for petroleum did drop at the peak of the virus — and by peak, think a year ago, when weekly deaths were much higher but fewer people had COVID.  This brief pause in demand held oil prices down, but not for long and not enough to cause producers to shutter production.  No, the reduction in domestic pumping has nothing to do with virology and everything to do with politics.

Imagine being the CEO of an oil company listening to the past year of antagonism from the Biden crowd — canceling the Keystone XL pipeline, suspending new drilling leases on federal land, and pledging to reduce U.S. carbon emission by 50% in the next seven years.  Would you commit millions — nay, billions of dollars to drilling and developing oil fields?  Nope!  And that's why domestic production is down 1.2 million barrels per day over the past twelve months — not COVID.

Meanwhile, in the "for thee but not for me" world we live in, the administration hammers the domestic oil industry but begs OPEC nations to increase oil production.  And while OPEC+ has committed to a 400,000 BPD increase, fulfilling that commitment is problematic.  Only the Saudis have that level of excess capacity and, currently, they aren't particularly keen to help us out.  Russian oil infrastructure is decaying and can't ramp up appreciatively, while political upheavals are interrupting production with big producers like Nigeria and Kazakhstan. 

https://www.americanthinker.com/blog/2022/02/bidens_oil_nightmare.html
Title: Re: Oil
Post by: morekaos on February 15, 2022, 09:20:28 AM
Magic tricks and slight of hand will not work...Now they figure out taxes are harmful?...
White House, congressional Democrats eye federal gas tax holiday as prices remain high, election looms
The White House and Democrats have struggled to address public frustration over inflation, and gas prices have been one of the biggest issues

The White House and top Democratic lawmakers are beginning to weigh a new push for a federal gas tax holiday, potentially pausing fees at the pump as part of a broader campaign to combat rising prices.

The early deliberations come days after a group of vulnerable Senate Democrats introduced a bill that would suspend the gas tax of roughly 18 cents per gallon for the rest of the year, which party lawmakers are expected to discuss at a lunch Tuesday. Asked about the proposal, the White House signaled that “all options are on the table,” as the administration tries to ease the growing financial burdens facing Americans during a period of high inflation.

For now, the White House has not offered any official, explicit endorsement of the policy. Behind the scenes, top aides have debated whether it would provide meaningful relief — or ultimately serve to benefit the producers of gas more than the consumers of it. Some senior officials also fear the policy might be difficult to end later, since no politician would want to be seen as raising prices, according to two people familiar with the matter who spoke on the condition of anonymity to describe the discussions.

https://www.washingtonpost.com/us-policy/2022/02/15/democrats-gas-tax-holiday/
Title: Re: Oil
Post by: morekaos on February 24, 2022, 09:00:54 AM
We control the horizontal...we control the vertical...Take that Paris Climate Agreement!!

Feds Discover Largest Oil, Natural-Gas Reserve in History

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

COMMENTS
Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

“American strength flows from American energy, and as it turns out, we have a lot of American energy,” said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/ (https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/)

U.S. Becomes a Net Oil Exporter for First Time in 75 Years


America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

http://fortune.com/2018/12/06/oil-exports-us/ (http://fortune.com/2018/12/06/oil-exports-us/)


https://youtu.be/FCcdr4O-3gE (https://youtu.be/FCcdr4O-3gE)


Just in time....Only took one year...Thanks Brandon!...

Energy Independent No More? US Poised to Be Net Oil Importer in 2022

The United States is poised to remain a net crude oil importer in 2022 for the second consecutive year, the Energy Information Administration (EIA) stated in a new report. The world’s largest economy is projected to import an annual average of 3.9 million barrels per day this year, according to the February 2022 Short-Term Energy Outlook (STEO) report. They also project that net import volumes will decline to 3.4 million barrels a day in 2023. EIA officials stated that the Unites States returned to importing more petroleum in 2021, adding that these imports could increase this year

https://www.theepochtimes.com/energy-independent-no-more-us-poised-to-be-net-oil-importer-in-2022_4297552.html
Title: Re: Oil
Post by: nosuchreality on February 24, 2022, 09:10:59 AM
Hey at $100 a barrel, every oil shale, fracking and half crappy well is financially viable again. 

Job creation!  Winning!
Title: Re: Oil
Post by: morekaos on February 24, 2022, 09:28:38 AM
Hey at $100 a barrel, every oil shale, fracking and half crappy well is financially viable again. 

Job creation!  Winning!


You'd think?.. but few are want to put money on the line and commit longer term because of the Jihad on energy that Brandon has waged.  We are still millions of barrels light on production here to pre pandemic levels so price is not the issue. 

To make Putin pay, Biden must ramp up US energy production

“We’re closely monitoring energy supplies for any disruptions” was Biden’s tepid statement in his address to the nation Tuesday.

That’s not enough. America must ramp back up oil and natural gas production to at least Trump-era levels. US oil production peaked in 2019 at 13 million barrels per day. Now, thanks to Biden’s burdensome regulations, production has stalled at 11.6 million barrels.

Biden can’t fear progressives more than Putin. He simply must start incentivizing domestic production, especially by removing all restrictions on new drilling on federal lands. Driving energy prices down is one of the best ways to make Putin pay over the long term.

https://nypost.com/2022/02/22/to-make-putin-pay-biden-must-ramp-up-us-energy-production/

Standing Up to Putin Means Ditching Net-Zero


Geopolitical realism requires energy realism. It also demands realism about the prospects for net-zero. Last week, Alok Sharma, the British president of the UN COP 26 climate conference, maintained that net-zero “remains alive,” but admitted, “the pulse is weak.” Achieving this barely-alive objective requires global emissions to be cut in half by the end of this decade. That’s not going to happen. The basic math of the West vs. the Rest’s greenhouse gas emissions means that what the West does has a diminishing effect on the trajectory of global emissions.

https://www.realclearenergy.org/articles/2022/02/24/standing_up_to_putin_means_ditching_net-zero_818493.html
Title: Re: Oil
Post by: morekaos on March 07, 2022, 08:51:30 AM
Boy do I hate being right all the time...

Crunched at the pump: Gas spikes to nearly $7 a gallon in LA County as average national price tops $4 for first time since 2008 as Ukraine crisis and Bidenflation stoke fears of costly fuel
Gas prices spiked to nearly $7 a gallon at at least one Los Angeles station on Sunday as the national average topped $4 for the first time since 2008
The average price of regular gasoline in LA County was $5.288 on Sunday
That is up 9.7 percent from just one week before, 13 percent from last month and 57.5 percent higher than last year
Experts blame the war in Ukraine, coupled with rising inflation at home of 7.5 percent, for the sky-high gas prices
Californians also suffer from high state taxes, as well as stricter refining rules that require specific fuel formulae in the summer months

https://www.dailymail.co.uk/news/article-10584393/Regular-gas-one-LA-station-reaches-nearly-7-gallon.html

Title: Re: Oil
Post by: daedalus on March 07, 2022, 12:34:17 PM
Finally, some relief is in sight for sky-high truck and SUV prices!
Title: Re: Oil
Post by: DrTravel on March 07, 2022, 01:05:42 PM
I’m not an expert but today oil prices gave up most of their big overnight gains and briefly dipped into negative territory. Prices rose on the possibility of a ban of Russian oil but fell when Germany stated it is reluctant to do so.

So was today a blowout event? Where do the TI experts think oil is headed?
Title: Re: Oil
Post by: morekaos on March 07, 2022, 01:25:52 PM
Higher, as long as these bozo's are in charge... ;D ;D >:D

Kamala Harris say it is time to make a 'transition' to green energy as she pushes electric cars and 'clean transit' with Pete Buttigieg while Americans face record gas prices
Biden administration pushing transition to green energy and electric cars
'We are all in the midst of a turning point. We have the technologies to transition to a zero emission fleet,' Vice President Kamala Harris said
Announcement comes as AAA reported Sunday that the national average for a gallon of gas hit $4.009 -- the highest since 2008
White House press secretary Jen Psaki said President Biden is doing ‘everything he can to reduce the impact’ of gas prices on the American people
She blamed high prices on Putin and snapped at Fox News' Peter Doocy for asking her why the federal government wasn't doing more

https://www.dailymail.co.uk/news/article-10587073/Harris-pushes-green-energy-Americans-face-record-gas-prices.html
Title: Re: Oil
Post by: AW on March 07, 2022, 02:07:19 PM
Won’t impact about 25% of Irvine, that’s what it looks like based on the EV’s on the roads of Irvine. 

Sweet, sweet, EV’s. 
Title: Re: Oil
Post by: morekaos on March 07, 2022, 02:21:11 PM
Won’t impact about 25% of Irvine, that’s what it looks like based on the EV’s on the roads of Irvine. 

Sweet, sweet, EV’s. 

Have you opened your electric bill this month? Sweet, sweet, mutual pain.
Title: Re: Oil
Post by: AW on March 07, 2022, 02:27:21 PM
Won’t impact about 25% of Irvine, that’s what it looks like based on the EV’s on the roads of Irvine. 

Sweet, sweet, EV’s. 

Have you opened your electric bill this month? Sweet, sweet, mutual pain.
Nah dude.  Got solar.  Installed many moons ago. 
Def not mutual pain. I don’t have to fill up gas guzzling 9mpg vehicle.  Not the same at all.   
Title: Re: Oil
Post by: morekaos on March 07, 2022, 02:33:18 PM
Even the guy who makes your EV understands the need to drill baby drill….

Elon Musk, head of world’s largest EV company, now says we need more oil and gas


https://www.msn.com/en-us/news/scienceandtechnology/elon-musk-head-of-worlds-largest-ev-company-now-says-we-need-more-oil-and-gas/ar-AAUDaiU?
Title: Re: Oil
Post by: morekaos on March 07, 2022, 02:35:55 PM
Won’t impact about 25% of Irvine, that’s what it looks like based on the EV’s on the roads of Irvine. 

Sweet, sweet, EV’s. 

Have you opened your electric bill this month? Sweet, sweet, mutual pain.
Nah dude.  Got solar.  Installed many moons ago. 
Def not mutual pain. I don’t have to fill up gas guzzling 9mpg vehicle.  Not the same at all.   

Paid for by all the rest of us…pull those subsidies and it won’t pencil out for you but good for you, the scam worked in your favor.
Title: Re: Oil
Post by: AW on March 07, 2022, 02:47:33 PM
Won’t impact about 25% of Irvine, that’s what it looks like based on the EV’s on the roads of Irvine. 

Sweet, sweet, EV’s. 

Have you opened your electric bill this month? Sweet, sweet, mutual pain.
Nah dude.  Got solar.  Installed many moons ago. 
Def not mutual pain. I don’t have to fill up gas guzzling 9mpg vehicle.  Not the same at all.   

Paid for by all the rest of us…pull those subsidies and it won’t pencil out for you but good for you, the scam worked in your favor.
Lol. Wut?
Fossil fuel industry not subsidized by the government?
Have you been to other countries and look at their prices?
Title: Re: Oil
Post by: morekaos on March 07, 2022, 03:11:54 PM
I have, Europe, like us, overtaxes it. Why even democrats today hypocritically want to impose a tax holiday in a desperate attempt to lower prices.  Hard to cram that genie back into that bottle.

Democrats propose federal gas tax holiday ahead of midterm elections

https://abcnews.go.com/Politics/democrats-propose-federal-gas-tax-holiday-ahead-midterm/story?id=82756082

California ‘gas tax holiday’: Newsom proposes pause on upcoming increase

https://ktla.com/news/california/california-gas-tax-holiday-newsom-proposes-pause-on-july-increase/
Title: Re: Oil
Post by: AW on March 07, 2022, 03:35:00 PM
Higher, as long as these bozo's are in charge... ;D ;D >:D

Kamala Harris say it is time to make a 'transition' to green energy as she pushes electric cars and 'clean transit' with Pete Buttigieg while Americans face record gas prices
Biden administration pushing transition to green energy and electric cars
'We are all in the midst of a turning point. We have the technologies to transition to a zero emission fleet,' Vice President Kamala Harris said
Announcement comes as AAA reported Sunday that the national average for a gallon of gas hit $4.009 -- the highest since 2008
White House press secretary Jen Psaki said President Biden is doing ‘everything he can to reduce the impact’ of gas prices on the American people
She blamed high prices on Putin and snapped at Fox News' Peter Doocy for asking her why the federal government wasn't doing more

https://www.dailymail.co.uk/news/article-10587073/Harris-pushes-green-energy-Americans-face-record-gas-prices.html

Was reading stuff just now just for kicks since we were talking about ev's and gas:

https://www.autoblog.com/2022/02/11/gas-prices-lower-than-you-think/

"According to the EIA, changes in the price of gas are due to taxes, marketing and distribution costs, refining and the cost of crude oil. Policies put in place by Donald Trump or Joe Biden (you can stop typing your Keystone XL rants now) have almost zero immediate impact on the price of crude oil, and thus the resultant price of gasoline. It’s all about immediate supply and demand. As such, blaming any president for high gas prices is like blaming your dog because your gardener is charging you more to mow the lawn."

btw, this is from a journalist who is a recipient of a national journalism award, not a tabloid website...
Title: Re: Oil
Post by: CalBears96 on March 07, 2022, 04:14:12 PM
btw, this is from a journalist who is a recipient of a national journalism award, not a tabloid website...

But you know moreliar prefers to get his misinformation from tabloid website. How else would the Trumper be able to spread misinformation?
Title: Re: Oil
Post by: irvinehomeowner on March 07, 2022, 04:38:13 PM
Won’t impact about 25% of Irvine, that’s what it looks like based on the EV’s on the roads of Irvine. 

Sweet, sweet, EV’s. 

Have you opened your electric bill this month? Sweet, sweet, mutual pain.
Nah dude.  Got solar.  Installed many moons ago. 
Def not mutual pain. I don’t have to fill up gas guzzling 9mpg vehicle.  Not the same at all.   

Paid for by all the rest of us…pull those subsidies and it won’t pencil out for you but good for you, the scam worked in your favor.
Lol. Wut?
Fossil fuel industry not subsidized by the government?
Have you been to other countries and look at their prices?

morekaos got served so hard in this exchange.

I'm surprised he didn't try to throw in a DailyMail article to defend his assertions.

BTW: Even electricity to charge your EV without solar cost less than gas BEFORE the increases. Add in lower maintenance and less impact on the environment (including all that clogging at Costco) and you are even more positive.
Title: Re: Oil
Post by: morekaos on March 07, 2022, 07:21:20 PM
Oh baloney, none of these “renewables” are anywhere near profitable without significant government subsidies. Pull that rug out and down tumbles the tower. Tesla to this day loses money on every car they deliver. Solar and wind are even worse. Driven out to Vegas lately and gazed (shading your eyes) on Tonapah? What a CF waste.  In the zombie apocalypse I’ll be happily driving my bronco over the piles of dead batteries.   Drill baby drill is the only near term answer. ;D ;D >:D
Title: Re: Oil
Post by: Kangen.Irvine on March 08, 2022, 05:31:38 AM
How about rooftop solar for all commercial and industrial buildings built or renovated in 2022 and beyond. Any additional energy should be fed back into the grid.
Title: Re: Oil
Post by: The California Court Company on March 08, 2022, 07:13:11 AM
Gas…if we plot gas price against long term inflation trend, it is not that expensive?

Energy is expensive regardless source…we may need to learn to reduce consumption
Title: Re: Oil
Post by: Compressed-Village on March 08, 2022, 08:28:53 AM
Gas…if we plot gas price against long term inflation trend, it is not that expensive?

Energy is expensive regardless source…we may need to learn to reduce consumption

Right! Before, I used to hop in my car and run errands for needless things and joy ride. Now, I combined many items into one trip.

Title: Re: Oil
Post by: morekaos on March 08, 2022, 08:44:32 AM
Gas…if we plot gas price against long term inflation trend, it is not that expensive?

Energy is expensive regardless source…we may need to learn to reduce consumption

Right! Before, I used to hop in my car and run errands for needless things and joy ride. Now, I combined many items into one trip.



Why?  In reality it is the cheapest and most abundant form of energy.  Pump more and we can all afford do run errands and go to work.  Lower energy prices will reduce inflation.  INCREASE ENERGY PRODUCTION.  Increase supply...don't try to cut demand or artificially support an inefficient market for "renewables".  Let the markets decide where to spend their money not some bureaucrat.
Title: Re: Oil
Post by: Compressed-Village on March 08, 2022, 08:49:39 AM
Gas…if we plot gas price against long term inflation trend, it is not that expensive?

Energy is expensive regardless source…we may need to learn to reduce consumption

Right! Before, I used to hop in my car and run errands for needless things and joy ride. Now, I combined many items into one trip.



Why?  In reality it is the cheapest and most abundant form of energy.  Pump more and we can all afford do run errands and go to work.  Lower energy prices will reduce inflation.  INCREASE ENERGY PRODUCTION.  Increase supply...don't try to cut demand or artificially support an inefficient market for "renewables".  Let the markets decide where to spend their money not some bureaucrat.


I find it easier to go with the winds to sails through the turbulence, rough water, than fighting it. You will spend alot more of your own energy with little result.

But I understand your principals.
Title: Re: Oil
Post by: AW on March 08, 2022, 08:55:33 AM
Oh baloney, none of these “renewables” are anywhere near profitable without significant government subsidies. Pull that rug out and down tumbles the tower. Tesla to this day loses money on every car they deliver. Solar and wind are even worse. Driven out to Vegas lately and gazed (shading your eyes) on Tonapah? What a CF waste.  In the zombie apocalypse I’ll be happily driving my bronco over the piles of dead batteries.   Drill baby drill is the only near term answer. ;D ;D >:D

Guess our perspective of the future is different, I envision mine to be more like wall-e or star trek, bee boo bap boop and make me a drink as opposed to your dystopian future is like mad max/i-am-legend, camping in a bath tub with a shot gun, enjoying canned food from yesteryear...

Even said it yourself, drilling is near term answer, what about long term?  Don't care?
Title: Re: Oil
Post by: OCtoSV on March 08, 2022, 09:16:22 AM
No country has reduced emissions more than the US, and our market economy virtually assures us of developing the most scalable and sustainable (i.e. can exist without massive ongoing subsidies or sourcing the supply chain from China) solution first. In parallel we should revert back to Trump's policy of energy independence and export the Russia oil economy to oblivion while also doubling down on cutting edge nuclear technology to provide the resilient base load our grid requires.

There is a great book about energy and geopolitics I read last year that I highly recommend as a timely read - The New Map by Daniel Yergin.
Title: Re: Oil
Post by: morekaos on March 08, 2022, 09:23:03 AM
Actually, not really.  Just don't believe all the wrong predictions about the future I have heard for the last 50 years.  We should be the Jetsons by now...not so much.  Rather, let evolution take its course than try to fight it.  30 years ago they said my house would be under water by now...not so much.  Adapt, it is futile and childish to think we can change things dramatically and certainly not unilaterally.  Make life easier and better for people.
Title: Re: Oil
Post by: irvinehomeowner on March 08, 2022, 09:28:34 AM
While oil may be cheap as an energy source, it's expensive as pollution. We should continue to seek out and use more renewable and cleaner energy alternatives.

But I think morekaos doesn't believe that pollution affects climate.
Title: Re: Oil
Post by: akula1488 on March 08, 2022, 09:36:56 AM
Transition to renewable or clean energy like nuclear (fusion being the holy grail) is necessary. The problem is it is being overly politicized.
Title: Re: Oil
Post by: morekaos on March 08, 2022, 11:51:25 AM
While oil may be cheap as an energy source, it's expensive as pollution. We should continue to seek out and use more renewable and cleaner energy alternatives.

But I think morekaos doesn't believe that pollution affects climate.

Weather I believe in man caused climate change or not, what I do believe is there is literally nothing we  can do to affect it...therefore I feel we should just adapt to whatever comes since all the past predictions have never really panned out.
Title: Re: Oil
Post by: morekaos on March 09, 2022, 11:42:06 AM
Wow...the stupidity is just breathtaking.... Brain surgeon Elizabeth Warren has resurrected the "Windfall Profits Tax"  to punish those evil oil companies...the same "Windfall profits tax" (even using the same name) that Brother Jimmy laid on the "evil 70's oil companies" that led to the disastrous oil shortages and offshoring of production of that era....Never one to learn from a mistake, this is what our current leadership proposes....Wow!!

Oil Market Chaos Deepens As Sen Warren Pushes Windfall Profits Tax For ‘Big Oil’

"Big Oil’s first priority is to maximize profits.

It’s also their second priority, third priority, and on and on.

We can’t let them use Putin’s invasion as an excuse to pad their bottom line with war-fueled profits. So I’m working with Senate Democrats on a windfall profits tax."

https://tradeforprofit.net/2022/03/oil-market-chaos-deepens-as-sen-warren-pushes-windfall-profits-tax-for-big-oil/

Carter's ‘Windfall’

May 9, 1979
WASHINGTON, May 8 — President Carter's proposed tax on •'windfall” profits of oil companies goes before Congress tomorrow, and it is likely to touch off a political donnybrook as intense, if not as protracted, as last year's struggle over the President's energy program.

The Secretary of the Treasury, W. Michael Blumenthal, will open the Administration's case when he testifies tomorrow before the House Ways and Means Committee. As he does so, the windfall profits tax is under attack from two directions.

Some opponents of the President's decision to remove price controls from crude oil produced within the United States are working to defeat the tax and thereby make decontrol untenable. But the tax is also drawing fire from the oil industry, which heartily favors decontrol

https://www.nytimes.com/1979/05/09/archives/carters-windfall-profits-tax-issue-and-debate.html

Carter's windfall profits tax fell far short of its projected revenues, partly because it discouraged domestic production and partly because worldwide economic events caused oil prices to fall sharply during the early 1980s. According to the Congressional Research Service, the Carter-era windfall profits tax:

Reduced domestic oil production by 3-6%; and
Increased foreign oil imports by 8-16%.
If foreign producers have the capacity to offset all the lost domestic production, then the windfall profits tax will simply shift domestic consumption from domestic to foreign oil with no effect on pump prices at all. On the other hand, if foreign producers can't turn up the taps to offset reduced U.S. production—Saudi Arabia in particular may not be able to meet its ambitious production targets—then not only will we be more dependent on foreign oil, but pump prices will rise to bring demand in line with newly-reduced supply.

So there's your windfall profits tax in a nutshell: reduced domestic production, increased dependence on foreign oil, and pump prices either unchanged (best case) or higher (worst case).
Title: Re: Oil
Post by: morekaos on March 09, 2022, 11:55:13 AM
Watch the speach that Brandon will soon make from 24:20. and hear about the virtues of the "Windfall Profits tax".  They have been beating the same horse for over 40 years...what a scam...Drill Baby Drill!!


Title: Re: Oil
Post by: morekaos on March 14, 2022, 10:11:05 AM
For all the naysayers, don't attack Mike Rowe, this was two years ago and his points are valid....

https://www.facebook.com/watch/?v=510934720554558

Title: Re: Oil
Post by: The California Court Company on March 15, 2022, 07:45:02 AM
Time is money….how many here will drive highway at 65 miles per hour vs 80? MPG difference could be more than 10%?
Title: Re: Oil
Post by: CalBears96 on March 15, 2022, 11:17:49 AM
Time is money….how many here will drive highway at 65 miles per hour vs 80? MPG difference could be more than 10%?

Exactly. Time is money. The same people who spend 30 minutes in Costco gas line penny pinching are driving at 80 instead of 65.  ;D
Title: Re: Oil
Post by: sleepy5136 on March 15, 2022, 11:33:15 AM
Time is money….how many here will drive highway at 65 miles per hour vs 80? MPG difference could be more than 10%?
I always laugh at the ones speeding through Irvine Blvd and zig zagging in hopes to get to the destination 1-5 minutes quicker. Along the way they are flooring & braking hard. I guess people don't mind wearing their brake pads out early :)
Title: Re: Oil
Post by: morekaos on March 15, 2022, 11:34:07 AM
Sown the seeds of their own destruction....pendulum swings..


Will Dems’ Green Dream Fuel GOP Red Wave?

Republicans are already hitting the most vulnerable Democrats for their green legislative agenda, highlighting specific votes on bills limiting oil and gas production or shutting down the Keystone pipeline. Democrats can expect an avalanche of attacks as long as gas prices remain high.

Just a few months ago, House Democrats were the ones itching for a fight over oil and gas. Last fall, the House Committee on Oversight and Reform launched investigations into oil and gas companies’ records on contributing to climate change, hauling their executives before Congress. Rep. Carolyn Maloney, who chairs the panel, promised that oil companies would face their “Big Tobacco moment,” a comparison to the series of hearings Congress held in 1994 when the CEOs of all the major tobacco companies admitted the harmful health effects of nicotine.

What a difference a few months makes, along with $5-a-gallon gasoline. A new poll conducted by leading Democratic pollster Impact Research and released Wednesday found that voters in several midterm battleground states favor continued natural gas production and export as a way to achieve energy independence from foreign sources and help U.S. allies become less reliant on Russian energy supplies.

The poll found that 80% of voters, including 80% of Democrats, agree that America’s energy future must include a mix of renewables and natural gas. The numbers are consistent across several battleground states, including Pennsylvania, Arizona, and North Carolina. Seventy-four percent of those surveyed believe the government should prioritize reliability and affordability with a gradual shift to clean energy, versus 22% who prefer an energy policy akin to the Green New Deal, which aggressively moves to 100% renewable energy even if it costs consumers more each month. Moreover, 72% of respondents reported that rising costs are creating problems for their families.

https://www.realclearpolitics.com/articles/2022/03/10/will_dems_green_dream_fuel_gop_red_wave__147311.html

Title: Re: Oil
Post by: sleepy5136 on March 17, 2022, 02:14:51 PM
Every californian taxpayer expected to get $400 whether you drive or not. Still a proposal

https://ktla.com/news/californians-could-soon-get-400-gas-rebate/
Title: Re: Oil
Post by: The California Court Company on March 17, 2022, 02:28:55 PM
let’s say the gas price jumped $1, so that’s 400 gallons. With lets say average 30 mpg, that’s 12000 miles a year which is a good average number used for leasing.

it is quite mind boggling $400 per year makes or breaks for some California drivers?
Title: Re: Oil
Post by: Compressed-Village on March 17, 2022, 02:44:09 PM
let’s say the gas price jumped $1, so that’s 400 gallons. With lets say average 30 mpg, that’s 12000 miles a year which is a good average number used for leasing.

it is quite mind boggling $400 per year makes or breaks for some California drivers?

Its the sychology of the "have-not" that inequality must be pay for or given to, so no riot or violent would erupted.

This is designed to keep things calm and winning votes.
Title: Re: Oil
Post by: sleepy5136 on March 17, 2022, 03:06:19 PM
let’s say the gas price jumped $1, so that’s 400 gallons. With lets say average 30 mpg, that’s 12000 miles a year which is a good average number used for leasing.

it is quite mind boggling $400 per year makes or breaks for some California drivers?
You're talking about a country where half the people cannot afford a $1000-$2000 emergency event without it impacting their normal day to day expenses. Lots of people live paycheck to paycheck unfortunately.

Personal finance is not required to be taught in school. It's a shame and hopefully gets changed in the future.
Title: Re: Oil
Post by: irvinehomeowner on March 17, 2022, 03:10:14 PM
I think the suspension of the state gas tax won't work... what is to stop the stations/companies from just bumping up prices to cover that 26, 34 or 51 cents and just make more profit?
Title: Re: Oil
Post by: sleepy5136 on March 17, 2022, 03:11:56 PM
I think the suspension of the state gas tax won't work... what is to stop the stations/companies from just bumping up prices to cover that 26, 34 or 51 cents and just make more profit?
I'm a bit sketched out right now. Oil prices have fell below $100 per barrel and the prices of gas have not even moved down. There is definitely some sketchy price gouging right now. I'm shocked it's not being discussed more.
Title: Re: Oil
Post by: CalBears96 on March 17, 2022, 03:13:53 PM
I think the suspension of the state gas tax won't work... what is to stop the stations/companies from just bumping up prices to cover that 26, 34 or 51 cents and just make more profit?
I'm a bit sketched out right now. Oil prices have fell below $100 per barrel and the prices of gas have not even moved down. There is definitely some sketchy price gouging right now. I'm shocked it's not being discussed more.

I brought this up before. Oil price dropped 25% from high and gas price went UP. Greed oil company. That's all.
Title: Re: Oil
Post by: sleepy5136 on March 17, 2022, 03:16:46 PM
I think the suspension of the state gas tax won't work... what is to stop the stations/companies from just bumping up prices to cover that 26, 34 or 51 cents and just make more profit?
I'm a bit sketched out right now. Oil prices have fell below $100 per barrel and the prices of gas have not even moved down. There is definitely some sketchy price gouging right now. I'm shocked it's not being discussed more.

I brought this up before. Oil price dropped 25% from high and gas price went UP. Greed oil company. That's all.
***sorry I meant not being discussed more by mass media
Title: Re: Oil
Post by: CalBears96 on March 17, 2022, 03:19:36 PM
I think the suspension of the state gas tax won't work... what is to stop the stations/companies from just bumping up prices to cover that 26, 34 or 51 cents and just make more profit?
I'm a bit sketched out right now. Oil prices have fell below $100 per barrel and the prices of gas have not even moved down. There is definitely some sketchy price gouging right now. I'm shocked it's not being discussed more.

I brought this up before. Oil price dropped 25% from high and gas price went UP. Greed oil company. That's all.
***sorry I meant not being discussed more by mass media
True. Not even a mention of it.
Title: Re: Oil
Post by: irvinehomeowner on March 17, 2022, 03:20:14 PM
And Russia comprises less than 10% of the oil we import.

If Putin invaded Canada... that would hurt our gas prices.
Title: Re: Oil
Post by: The California Court Company on March 17, 2022, 08:04:54 PM
$400 annually, or 34 a month…cut a few starbucks cancel a streaming service or two you can save it…


let’s say the gas price jumped $1, so that’s 400 gallons. With lets say average 30 mpg, that’s 12000 miles a year which is a good average number used for leasing.

it is quite mind boggling $400 per year makes or breaks for some California drivers?
You're talking about a country where half the people cannot afford a $1000-$2000 emergency event without it impacting their normal day to day expenses. Lots of people live paycheck to paycheck unfortunately.

Personal finance is not required to be taught in school. It's a shame and hopefully gets changed in the future.
Title: Re: Oil
Post by: Compressed-Village on March 17, 2022, 08:09:48 PM
Those avocado toast are tastety and pretty expensive. Those millennials loves those avocados. Well, maybe if they can trespass OH, and pick some off of those trees, I say they can save some mucho bucks.....Or better yet, live there and its right in your backyard.
Title: Re: Oil
Post by: Ready2Downsize on March 17, 2022, 09:25:31 PM
I think the suspension of the state gas tax won't work... what is to stop the stations/companies from just bumping up prices to cover that 26, 34 or 51 cents and just make more profit?
I'm a bit sketched out right now. Oil prices have fell below $100 per barrel and the prices of gas have not even moved down. There is definitely some sketchy price gouging right now. I'm shocked it's not being discussed more.

I brought this up before. Oil price dropped 25% from high and gas price went UP. Greed oil company. That's all.
Oil is rebounding and gas prices lag the movement of oil.

I was expecting to see prices drop some but gasbuddy shows every station I ever go to is up.

https://www.gasbuddy.com/gaspricemap?fuel=1&z=4&lat=48.43764890263501&lng=-101.67147316503906

That big bright yellow, is you California..................... the entire state is a big fat glaring money sucking yellow blob.
Title: Re: Oil
Post by: irvinehomeowner on March 18, 2022, 08:37:39 AM
Just like Irvine real estate, goes up faster, goes down slower. :)
Title: Re: Oil
Post by: Liar Loan on March 18, 2022, 11:18:25 AM
I think the suspension of the state gas tax won't work... what is to stop the stations/companies from just bumping up prices to cover that 26, 34 or 51 cents and just make more profit?

The same reason they can't do this normally - competition would push the price back down.

I brought this up before. Oil price dropped 25% from high and gas price went UP. Greed oil company. That's all.

When has there not been oil company greed?  Basic logic suggests this doesn't explain the current situation.

Just like Irvine real estate, goes up faster, goes down slower. :)

Recent history is it goes up slower, and goes down slower.  It's less of a boom/bust city than other areas.
Title: Re: Oil
Post by: morekaos on March 28, 2022, 01:15:30 PM
She shows a firm grasp of the problem and offers insightful and deeply thought through policy fixes....don't you think?..profound and deeply moving.. ;D ;D >:D

“How do we get to a solution for [gas prices]?” the host asked Kamala Harris.

“Well first of all we’ve been, um, you know, understanding that it is a real issue, um, what we have done is we’ve actually released some of the reserves, the petroleum reserves to bring down the cost of gas prices. And we are also dealing with – the cost of gas is just part of the issue of the cost of living, right?” Harris said. “It’s too expensive for too many people.”

Kamala Harris was also asked for some words of encouragement to Americans who are struggling.

“I would say first of all thank you for being a fighter, for knowing that we have reason to have faith in what is possible but we have to work to make it achievable and that includes what folks did to get out and vote in 2020 because that led to – I think of it like this – people put in their order and said this is what I want.”

Title: Re: Oil
Post by: USCTrojanCPA on March 28, 2022, 06:39:02 PM
Hmmm, we are paying $6/gallon and most parts of the US are in the $3s....what gives?
Title: Re: Oil
Post by: OCtoSV on March 29, 2022, 09:37:55 AM
gas taxes, limited CA refining capacity for the special blend we use.
Title: Re: Oil
Post by: Liar Loan on March 29, 2022, 09:43:38 AM
The corporations didn't used to be greedy, but when Putin invaded Ukraine, they developed newfound greediness.
Title: Re: Oil
Post by: morekaos on March 29, 2022, 09:43:50 AM
Hmmm, we are paying $6/gallon and most parts of the US are in the $3s....what gives?

A stupid electorate who voted higher gas taxes onto itself.
Title: Re: Oil
Post by: Ready2Downsize on March 29, 2022, 09:59:55 AM
Hmmm, we are paying $6/gallon and most parts of the US are in the $3s....what gives?

A stupid electorate who voted higher gas taxes onto itself.

California just plain and simply gets ripped off for everything.

It's not just gas, it's electricity rates too and it's long been housing.
Title: Re: Oil
Post by: morekaos on March 29, 2022, 10:39:14 AM
Hmmm, we are paying $6/gallon and most parts of the US are in the $3s....what gives?

A stupid electorate who voted higher gas taxes onto itself.

California just plain and simply gets ripped off for everything.

It's not just gas, it's electricity rates too and it's long been housing.

Much of that is self inflicted pain that is directly related to policy, taxes and regulation.
Title: Re: Oil
Post by: Ready2Downsize on March 29, 2022, 10:41:50 PM
gas taxes, limited CA refining capacity for the special blend we use.

Why is California paying such a high per kw rate for electricity compared to other states? Can't be a special blend because it's higher in winter AND summer.

https://www.chooseenergy.com/electricity-rates-by-state/
Title: Re: Oil
Post by: Kenkoko on March 30, 2022, 01:06:11 AM
gas taxes, limited CA refining capacity for the special blend we use.

Why is California paying such a high per kw rate for electricity compared to other states? Can't be a special blend because it's higher in winter AND summer.

https://www.chooseenergy.com/electricity-rates-by-state/

California’s size and geography inflate the “fixed” costs of operating its electric system.

It includes maintenance, generation, transmission, and distribution, and public programs like wildfire mitigation, CARE, and other programs driven by clean energy and electrification mandates as well as utility investments in system modernization.

Those costs don’t change based on how much electricity residents consume, yet between 66% and 77% of Californians’ electricity bills are used to offset the costs of those programs.

PG&E filed for bankruptcy protection in January 2019, after being held financially responsible for a series of deadly and destructive wildfires in 2017 and 2018.
Title: Re: Oil
Post by: morekaos on March 31, 2022, 09:55:47 AM
Brandon is blowing out our war reserves in a futile attempt to drive down current prices but in reality that will only drive up future prices to advance his green dream..Kills two birds with one stone...it won't work. The only answer is a wartime footing to drill and flood the market with cheap American energy.  Sooner or later the lure of profits will draw the industry off the bench and there is nothing this administration will be able to do about it, but for now...everyone suffers equally.

U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices

The Biden administration on Thursday said the U.S. will release 1 million barrels of oil per day from reserves. President Joe Biden will speak about energy prices later in the day.
“The scale of this release is unprecedented: the world has never had a release of oil reserves at this 1 million per day rate for this length of time,” the White House said.
The administration also used Thursday’s announcement to criticize the domestic energy industry for “sitting on” 9,000 unused but already approved permits for production.

https://www.cnbc.com/2022/03/31/us-to-release-1-million-barrels-of-oil-per-day-from-reserves-to-help-cut-gas-prices.html
Title: Re: Oil
Post by: irvinehomeowner on March 31, 2022, 12:05:37 PM
I don't get it, how will additional oil and tax cuts help with the greedy corporate price hikes?
Title: Re: Oil
Post by: morekaos on March 31, 2022, 12:58:18 PM
Oil companies have little to no incentive to help an admiration that has made it a public policy to kill their industry.  They make twice the profits pumping the same amount of oil they did 6 months ago.  Taxing unused leases is stupid and shows a total lack of understanding how the lease and drill market works.  One million barrels a day does little to impact prices.  Brandon wants to drain the reserves anyway in order to drive up future prices and try to kill the oil industry in a vein attempt to bolster the electric market...it won't work and will only make the pain worse.  Only a call to reduce regulation and unleash drilling will flood the market with cheaper oil and bring down prices. Basic econ 101. The markets know this but will have to wait out till after the midterms
Title: Re: Oil
Post by: USCTrojanCPA on March 31, 2022, 05:45:27 PM
Oil companies have little to no incentive to help an admiration that has made it a public policy to kill their industry.  They make twice the profits pumping the same amount of oil they did 6 months ago.  Taxing unused leases is stupid and shows a total lack of understanding how the lease and drill market works.  One million barrels a day does little to impact prices.  Brandon wants to drain the reserves anyway in order to drive up future prices and try to kill the oil industry in a vein attempt to bolster the electric market...it won't work and will only make the pain worse.  Only a call to reduce regulation and unleash drilling will flood the market with cheaper oil and bring down prices. Basic econ 101. The markets know this but will have to wait out till after the midterms

The sad part is that cars only use a faction of the oil.  The majority of the oil is used by manufacturers for chemicals, clothes, anything that has plastic in it, and jet fuel.  Last time I checked planes are not going electric anytime soon.  Even if 50% of all cars are EV we will still be very dependent on oil for everything else. 
Title: Re: Oil
Post by: sleepy5136 on April 01, 2022, 12:22:06 AM
Oil companies have little to no incentive to help an admiration that has made it a public policy to kill their industry.  They make twice the profits pumping the same amount of oil they did 6 months ago.  Taxing unused leases is stupid and shows a total lack of understanding how the lease and drill market works.  One million barrels a day does little to impact prices.  Brandon wants to drain the reserves anyway in order to drive up future prices and try to kill the oil industry in a vein attempt to bolster the electric market...it won't work and will only make the pain worse.  Only a call to reduce regulation and unleash drilling will flood the market with cheaper oil and bring down prices. Basic econ 101. The markets know this but will have to wait out till after the midterms

The sad part is that cars only use a faction of the oil.  The majority of the oil is used by manufacturers for chemicals, clothes, anything that has plastic in it, and jet fuel.  Last time I checked planes are not going electric anytime soon.  Even if 50% of all cars are EV we will still be very dependent on oil for everything else.
I believe the process of making batteries is also not so eco-friendly either. And right now I’m not sure if there is a eco-friendly way of disposing batteries. Don’t even talk about car batteries, we are disposing smart phones at such a quick rate too. I’m not even sure if there is a process to dispose that in a eco-friendly way.
Title: Re: Oil
Post by: morekaos on April 01, 2022, 06:39:12 AM
There isn’t
Title: Re: Oil
Post by: akula1488 on April 01, 2022, 07:01:21 AM
Battery and electrical car cannot be the end game unless there is. Breakthrough in battery tech and recycling.

Hybrid is the best compromise.
Title: Re: Oil
Post by: irvinehomeowner on April 01, 2022, 07:15:26 AM
Unleashing drilling and reducing regulation is not the answer either.

This is not a real supply/demand issue, it's a corporate greed one... again, less than 10% of our oil is from Russia so how does that suddenly result in dollar hikes of gas prices?

Reducing reliance on oil by alternative fuels is the long term solution.
Title: Re: Oil
Post by: morekaos on April 01, 2022, 09:20:56 AM
Oil companies have little to no incentive to help an admiration that has made it a public policy to kill their industry.  They make twice the profits pumping the same amount of oil they did 6 months ago.  Taxing unused leases is stupid and shows a total lack of understanding how the lease and drill market works.  One million barrels a day does little to impact prices.  Brandon wants to drain the reserves anyway in order to drive up future prices and try to kill the oil industry in a vein attempt to bolster the electric market...it won't work and will only make the pain worse.  Only a call to reduce regulation and unleash drilling will flood the market with cheaper oil and bring down prices. Basic econ 101. The markets know this but will have to wait out till after the midterms

The sad part is that cars only use a faction of the oil.  The majority of the oil is used by manufacturers for chemicals, clothes, anything that has plastic in it, and jet fuel.  Last time I checked planes are not going electric anytime soon.  Even if 50% of all cars are EV we will still be very dependent on oil for everything else.
I believe the process of making batteries is also not so eco-friendly either. And right now I’m not sure if there is a eco-friendly way of disposing batteries. Don’t even talk about car batteries, we are disposing smart phones at such a quick rate too. I’m not even sure if there is a process to dispose that in a eco-friendly way.

By the way the same is true for Solar...very messy and environmentally unfriendly...you have been living in a dream world, Neo.  Energy production is not AN answer...it is THE answer.  That is why drill now, drill often...drill everywhere!!.. The ONLY short term answer is use American ingenuity, resources and yes GREED to not just satiate the market...flood it with cheap US OIL.  That will lower prices, stave off inflation, ignite economic growth and defeat our enemies....it really is that simple.

Title: Re: Oil
Post by: USCTrojanCPA on April 01, 2022, 09:32:59 AM
Oil companies have little to no incentive to help an admiration that has made it a public policy to kill their industry.  They make twice the profits pumping the same amount of oil they did 6 months ago.  Taxing unused leases is stupid and shows a total lack of understanding how the lease and drill market works.  One million barrels a day does little to impact prices.  Brandon wants to drain the reserves anyway in order to drive up future prices and try to kill the oil industry in a vein attempt to bolster the electric market...it won't work and will only make the pain worse.  Only a call to reduce regulation and unleash drilling will flood the market with cheaper oil and bring down prices. Basic econ 101. The markets know this but will have to wait out till after the midterms

The sad part is that cars only use a faction of the oil.  The majority of the oil is used by manufacturers for chemicals, clothes, anything that has plastic in it, and jet fuel.  Last time I checked planes are not going electric anytime soon.  Even if 50% of all cars are EV we will still be very dependent on oil for everything else.
I believe the process of making batteries is also not so eco-friendly either. And right now I’m not sure if there is a eco-friendly way of disposing batteries. Don’t even talk about car batteries, we are disposing smart phones at such a quick rate too. I’m not even sure if there is a process to dispose that in a eco-friendly way.

Yeah Lithium batteries are no so fun to make and deal with when they are used up.  Also, I'd like to know if some of the big environmentalists would be willing to stop buying all their newer tech gadgets to help the economy.  My guess is that most all wouldn't be willing to do that. I also think that hybrid cars and making combustion engines more efficient is the way to go.
Title: Re: Oil
Post by: irvinehomeowner on April 01, 2022, 09:37:12 AM
I realize there are people here who love combustion engines... but that's old tech and will go the way of hobbyists.

There are way more benefits by going EV or alternative other than "green" reasons. Less noise, less maintenance and less worry about "drilling".

It's okay, just like computers, mobile phones and internet... people need time to adjust.

Title: Re: Oil
Post by: morekaos on April 01, 2022, 10:00:48 AM
I realize there are people here who love combustion engines... but that's old tech and will go the way of hobbyists.

There are way more benefits by going EV or alternative other than "green" reasons. Less noise, less maintenance and less worry about "drilling".

It's okay, just like computers, mobile phones and internet... people need time to adjust.



Because this is what you get when you mess with the free markets and try to force unprofitable ideas on an economy...Kaos ensues...

Germany's energy fiasco

MUNICH  —  Germany long regarded its energy transition as cutting edge, compared to other Western industrialised countries. Policymakers expected that the country would be able to secure its energy supply entirely from renewable sources, so they resolved to phase out coal and nuclear energy simultaneously. The last three of Germany’s 17 nuclear power plants are set to be shut down this year.

Green politicians in Germany always hoped that other countries would emulate this energy agenda once they saw how well it was working. But, in light of the war in Ukraine, the world is instead witnessing how Germany’s approach has created a policy disaster.

To cushion the twin phaseout of coal and nuclear, and to close supply gaps during the long transition to renewable energy, Germany decided to build a large number of additional gas-fired power plants. Even immediately before Russian forces invaded Ukraine, policymakers assumed that the gas for these facilities would always come from Russia, which supplied more than half of Germany’s needs.

If Germany suddenly halted Russian gas imports, gas-based residential heating systems, on which half the German population, approximately 40 million people, rely, and industrial processes that rely heavily on gas imports would break down before replacement energy became available. The government would be unlikely to survive the resulting economic chaos, public uproar, and outrage should gas become unavailable or heating costs rise dramatically. In fact, the likely scale of domestic disruption would call into question the cohesion of the Western response to the Ukraine war.

Only in the longer term, say, 3-5 years, will German LNG terminals be able to replace Russian deliveries with gas from other parts of the world. But by then, Russia will be building new pipelines to China, India, and other Asian countries that will eagerly purchase and burn the gas that Germany releases.

In both the short and the long term, therefore, the West will be unable to make things difficult for Russia by shutting down gas pipelines without making things equally difficult for itself.

http://jordantimes.com/opinion/hans-werner-sinn/germanys-energy-fiasco
Title: Re: Oil
Post by: USCTrojanCPA on April 01, 2022, 10:22:26 AM
I realize there are people here who love combustion engines... but that's old tech and will go the way of hobbyists.

There are way more benefits by going EV or alternative other than "green" reasons. Less noise, less maintenance and less worry about "drilling".

It's okay, just like computers, mobile phones and internet... people need time to adjust.



I worry about the electric system being able to handle all of the new EVs.  We are already dealing with black and brown outs, I can't image the electric system will be able to handle the energy needs one heavy use days if the number of EVs increase.  Let's hope for the best.
Title: Re: Oil
Post by: CalBears96 on April 01, 2022, 10:55:32 AM
Unleashing drilling and reducing regulation is not the answer either.

This is not a real supply/demand issue, it's a corporate greed one... again, less than 10% of our oil is from Russia so how does that suddenly result in dollar hikes of gas prices?

Reducing reliance on oil by alternative fuels is the long term solution.

Exactly. Oil price has dropped from the high of $120 and has been stabilizing around $100, but gas price has been going up and up. How is that not corporate greed?
Title: Re: Oil
Post by: Ready2Downsize on April 01, 2022, 11:00:05 AM
Unleashing drilling and reducing regulation is not the answer either.

This is not a real supply/demand issue, it's a corporate greed one... again, less than 10% of our oil is from Russia so how does that suddenly result in dollar hikes of gas prices?

Reducing reliance on oil by alternative fuels is the long term solution.

Exactly. Oil price has dropped from the high of $120 and has been stabilizing around $100, but gas price has been going up and up. How is that not corporate greed?

Costco lowered their gas price 30 cents a day or two ago.
Title: Re: Oil
Post by: Kenkoko on April 01, 2022, 11:17:27 AM
I worry about the electric system being able to handle all of the new EVs.  We are already dealing with black and brown outs, I can't image the electric system will be able to handle the energy needs one heavy use days if the number of EVs increase.  Let's hope for the best.

Our electrical grid is graded D+ currently. Most of the transmission & distribution lines were constructed in the 1950s and 1960s with a 50-year life expectancy.

The growth of EVs is actually forcing much needed upgrades in our energy infrastructure.

Title: Re: Oil
Post by: CalBears96 on April 01, 2022, 11:30:33 AM
Unleashing drilling and reducing regulation is not the answer either.

This is not a real supply/demand issue, it's a corporate greed one... again, less than 10% of our oil is from Russia so how does that suddenly result in dollar hikes of gas prices?

Reducing reliance on oil by alternative fuels is the long term solution.

Exactly. Oil price has dropped from the high of $120 and has been stabilizing around $100, but gas price has been going up and up. How is that not corporate greed?

Costco lowered their gas price 30 cents a day or two ago.

I don't know which Costco you're referring to, but the one at Spectrum is still at $5.59, and the Eastvale Costco that I paid $5.45 last week is now at $5.55.
Title: Re: Oil
Post by: morekaos on April 01, 2022, 12:49:20 PM
Tone and Tenor can dictate policy...drill baby drill is the ONLY way out....happened once and market forces will make it happen again...

Biden's energy screw-up

history is helpful. Before 2008, government and private-sector experts were projecting shortages of oil and natural gas in the U.S. with accompanying high prices. But Texan George Mitchell’s innovations in fracking and drilling technology turned the tables. Oil and natural gas prices plummeted, transforming the electricity sector and bucking the Great Recession with new investment in energy production, manufacturing, and heavy industry.

As American producers drove down prices, OPEC and Russia cut back their own production. Events that normally would have rocked global oil markets — political upheaval in Venezuela or the Iranian attack on Saudi oil fields in 2019 — hardly caught the attention of Americans filling up at the pump because the flood of new domestic resources was filling the shortfall.

Today, coal, oil, and natural gas meet roughly 80% of Americans’ total energy needs. Petroleum meets 90% of transportation fuel needs. In 2020, 83% of global energy consumption for power, transportation, and heat was met by these energy resources. This has remained roughly unchanged for decades, even as global energy consumption increased and renewable energy technologies were introduced into energy markets.

Global energy needs are expected to increase in the decades to come. The EIA’s International Energy Outlook projects global demand for oil and natural gas in each of various possible scenarios through at least 2050. Global energy use is expected to increase by 50% by then.

And that’s a good thing. Too many people around the world, and particularly in developing nations, still do not have access to modern energy and electricity. As a result, they can’t approach anything near the standards of living that affordable, reliable energy has enabled in the U.S. These countries cannot afford Biden’s narrow and costly energy policies, and it would be immoral to withhold life-giving energy resources from them. As countries such as India have shown, they do not intend to forgo useful and affordable energy options.

https://www.washingtonexaminer.com/politics/bidens-energy-screw-up
Title: Re: Oil
Post by: morekaos on April 01, 2022, 01:08:30 PM
Classic example of corporations on the surface virtue signaling compliance, knowing that what is being mandated is impossible. So instead of not reaching the unobtanium...they find a "work around"...Just human nature but a repeatable outcome...If this mandate stands (probably won't) they will cheat... ;D ;D >:D

New vehicles must average 40 mpg by 2026, up from 28 mpg

DETROIT — New vehicles sold in the U.S. will have to average at least 40 miles per gallon of gasoline in 2026, up from about 28 mpg, under new federal rules unveiled Friday that undo a rollback of standards enacted under President Donald Trump.

https://www.startribune.com/new-vehicles-must-average-40-mpg-by-2026-up-from-28-mpg/600161327/

Why Volkswagen Cheated

On December 10, Volkswagen Chairman Hans-Dieter Pötsch made a public admission: A group of the company's engineers decided to cheat on emissions tests in 2005 because they couldn't find a technical solution within the company's "time frame and budget" to build diesel engines that would meet U.S. emissions standards. When the engineers did find a solution, he said, they chose to keep on cheating, rather than employ it. "We are not talking about a one-off mistake, but a whole chain of mistakes that was not interrupted at any point along the timeline," he said, announcing the preliminary results of an internal investigation at Volkswagen into the crisis at a press conference at the company's headquarters in Wolfsburg, Germany. Volkswagen admitted this past autumn to installing illegal cheat software into the engines of 500,000 U.S. vehicles and 11 million vehicles worldwide.

https://www.newsweek.com/2015/12/25/why-volkswagen-cheated-404891.html

Title: Re: Oil
Post by: qwerty on April 01, 2022, 01:16:04 PM
I realize there are people here who love combustion engines... but that's old tech and will go the way of hobbyists.

There are way more benefits by going EV or alternative other than "green" reasons. Less noise, less maintenance and less worry about "drilling".

It's okay, just like computers, mobile phones and internet... people need time to adjust.



Spoken like man who has never driven an X5M :-)
Title: Re: Oil
Post by: morekaos on April 01, 2022, 01:31:36 PM
I realize there are people here who love combustion engines... but that's old tech and will go the way of hobbyists.

There are way more benefits by going EV or alternative other than "green" reasons. Less noise, less maintenance and less worry about "drilling".

It's okay, just like computers, mobile phones and internet... people need time to adjust.



That really is crazy talk...I re-iterate the reality of our world....

EVs still account for less than one percent of the 276 million registered vehicles in the U.S. Of all the EVs on U.S. roads, about 42 percent of them are in California.

By contrast, states like South Dakota, North Dakota, Montana, and Wyoming each have less than 1,000 registered EVs. Furthermore, in 2020, fewer than 300,000 EVs were sold in the U.S.

For comparison, Ford Motor Company sold nearly 800,000 F-series pickup trucks last year.

I also highlighted the myriad supply-chain problems with EVs. Citing work done by the Natural History Museum in London, I said that electrifying half of the U.S. motor vehicle fleet would require in rough terms:

* 9 times the world’s current cobalt production
* 4 times global neodymium output
* 3 times global lithium production
* 2 times world copper production

Oil’s dominance in transportation is largely due to its high energy density. That density and improvements in internal combustion engines and hybrids assure that oil will be fueling transport for decades to come.

Powerful lobby groups want Congress to spend billions on electrification schemes that will impose regressive taxes on low-income Americans, reduce our resilience, and increase reliance on China. That’s a dubious trifecta..

The average household income for EV buyers is about $140,000. That’s roughly two times the U.S. average. And yet, federal EV tax credits force low- and middle-income taxpayers to subsidize the Benz and Beemer crowd.

* Lower-income Americans are facing huge electric rate increases for grid upgrades to accommodate EVs even though they will probably never own one.

* This month, the California Energy Commission estimated the state will need 1.3 million new public EV chargers by 2030. The likely cost to ratepayers: about $13 billion.

* Meanwhile, blackouts are almost certain this summer and electricity prices are “absolutely exploding.” California’s electricity prices went up by 7.5 percent last year and they will likely rise another 40 percent by 2030. This, in a state with the highest poverty rate and largest Latino population in America. How is racial justice or social equity being served by such regressive policies?

* I also talked about resilience, saying “Electrifying everything is the opposite of anti-fragile. Electrifying transportation will put more of our energy eggs in one basket. It will make the grid an even-bigger target for terrorists, cyberthieves, or bad actors. It will reduce resilience and reliability in case of a prolonged grid failure due to natural disaster, equipment failure, or human error.”

https://principia-scientific.com/electric-vehicles-on-collision-course-with-reality/
Title: Re: Oil
Post by: irvinehomeowner on April 01, 2022, 01:53:57 PM
I realize there are people here who love combustion engines... but that's old tech and will go the way of hobbyists.

There are way more benefits by going EV or alternative other than "green" reasons. Less noise, less maintenance and less worry about "drilling".

It's okay, just like computers, mobile phones and internet... people need time to adjust.



Spoken like man who has never driven an X5M :-)

Try a Plaid... or even one of the Porsche EVs.

Instant electric torque is amazing... and stealthy.

I used to love noisy cars (even changed my exhaust/muffler to get more sound many lives ago)... but the quietness of an EV is so good... and one-pedal driving is almost like having a stickshift again.
Title: Re: Oil
Post by: Kenkoko on April 01, 2022, 02:29:24 PM

Try a Plaid... or even one of the Porsche EVs.

Instant electric torque is amazing... and stealthy.


I test drove the model S Plaid for the first time this past weekend and the acceleration is just insane.

Also drove the Porsche Taycan 4S. It is very nice, but just completely got smoked by the Plaid. It was not even close.

The Plaid was so insanely fast, it beat out the fastest Porcshe Taycan Turbo S easily too.
Title: Re: Oil
Post by: morekaos on April 01, 2022, 02:39:50 PM
At $90,000-$150,000.00 msrp what do the rest of us drive? ;D >:D
Title: Re: Oil
Post by: irvinehomeowner on April 01, 2022, 02:55:09 PM
At $90,000-$150,000.00 msrp what do the rest of us drive? ;D >:D

See... out of touch morekaos.

EVs start under $40k now and with the guvmnt $7500k credit for most non-Tesla models + CA rebates... you're looking at $30k.
Title: Re: Oil
Post by: Kenkoko on April 01, 2022, 02:56:38 PM
At $90,000-$150,000.00 msrp what do the rest of us drive? ;D >:D

There are plenty of EVs in the 40-50k range now. Model 3, Mach-E, Kona, Ionic 5, ID4, EV6 etc

And there's 10k incentive combined on most EVs (state tax rebate + federal tax credit)

If you also factoring in the lower cost of ownership over 5/7 years, it's not that much more expensive than a Toyota Camry
Title: Re: Oil
Post by: morekaos on April 01, 2022, 03:07:23 PM
At $90,000-$150,000.00 msrp what do the rest of us drive? ;D >:D

See... out of touch morekaos.

EVs start under $40k now and with the guvmnt $7500k credit for most non-Tesla models + CA rebates... you're looking at $30k.

 Model S Plaids have an msrp of  $90-$150k.
Title: Re: Oil
Post by: nosuchreality on April 01, 2022, 03:07:39 PM
I have an EV I adore for the convenience, economy, etc.  purchase price stunk, but that is steadily getting better.

It fulfills 99.9% of our families driving trips.  It also fulfills about 90% of our annual miles.

That’s the rub.  If forced to go to one vehicle, those 10% of miles and 0.1% of trips, financially wreck the cost proposition of the EV for us. 

To go solo EV, I’d need a rated 500 mile range EV.  With real world driving would probably give me the the real 400 range I need without lengthy stops to refuel.

Or I need reliable holiday peak travel stops to recharge in 20 minutes to add 200+ miles of range.  Without traffic, 200 miles is 3 hours of driving.  Usually a quick bio break, but no need for lengthy stops.

Alternatively, I need reliable, expedient and cost proportional access to a gas road trip vehicle.  Last time I checked, all three of those are coming up short.
Title: Re: Oil
Post by: USCTrojanCPA on April 01, 2022, 03:09:16 PM
I realize there are people here who love combustion engines... but that's old tech and will go the way of hobbyists.

There are way more benefits by going EV or alternative other than "green" reasons. Less noise, less maintenance and less worry about "drilling".

It's okay, just like computers, mobile phones and internet... people need time to adjust.



Spoken like man who has never driven an X5M :-)

Or a Macan GTS.  haha
Title: Re: Oil
Post by: irvinehomeowner on April 01, 2022, 03:12:38 PM
At $90,000-$150,000.00 msrp what do the rest of us drive? ;D >:D



See... out of touch morekaos.

EVs start under $40k now and with the guvmnt $7500k credit for most non-Tesla models + CA rebates... you're looking at $30k.

 Model S Plaids have an msrp of  $90-$150k.

Bad reading comprehension on your part again.

I was comparing the Plaid to the X5M that qwerty mentioned... guess how much those cost?
Title: Re: Oil
Post by: morekaos on April 01, 2022, 03:25:00 PM
Prospective EV owners should be clear on one thing before they go new car shopping: electric cars are more expensive to purchase. According to the United States Natural Resources Defense Council (NRDC), the average sticker price on a new electric vehicle is approximately $19,000 more than that of a new gasoline-powered vehicle.

https://www.compare.com/electric-cars/guides/electric-car-cost

Funded by all the rest of us through subsidies and tax incentives so that a bunch of rich Californians can drive them, and import the energy to charge them …bargain equity.
Title: Re: Oil
Post by: Kenkoko on April 01, 2022, 03:28:05 PM
I have an EV I adore for the convenience, economy, etc.  purchase price stunk, but that is steadily getting better.

It fulfills 99.9% of our families driving trips.  It also fulfills about 90% of our annual miles.

That’s the rub.  If forced to go to one vehicle, those 10% of miles and 0.1% of trips, financially wreck the cost proposition of the EV for us. 

To go solo EV, I’d need a rated 500 mile range EV.  With real world driving would probably give me the the real 400 range I need without lengthy stops to refuel.

Or I need reliable holiday peak travel stops to recharge in 20 minutes to add 200+ miles of range.  Without traffic, 200 miles is 3 hours of driving.  Usually a quick bio break, but no need for lengthy stops.

Alternatively, I need reliable, expedient and cost proportional access to a gas road trip vehicle.  Last time I checked, all three of those are coming up short.

My model X can go about 350 miles, so it's getting pretty close to your need. But it does charge at a slower rate so might not work for you.

I've heard from friends that Tesla supercharging stations can charge 800 - 1000 miles/hour on model 3 or model Y.

Why not just rent a car for your 0.1% of need? You can get unlimited miles rentals from costco travel

Or if you're not going far, third party car share app like turo is pretty inexpensive.
Title: Re: Oil
Post by: nosuchreality on April 01, 2022, 05:37:57 PM
Yea, access to the Tesla Super chargers will probably push our next EV to Tesla if they don’t open their superchargers.

The 200 miles in 15 minutes is an “up to” number, but even 100 miles in 15 minutes is great.

My spring break trip to Phoenix was the first time in the last few years that I did not see a line at the Flying J superchargers.   Quartzite has a newer 36 station set up at Carl’s.  Still 230 miles Irvine to Quartzite.  I’m hoping the non-Tesla supercharging pilot goes well in Europe.

As for the 99.9%, it’s a “trips” number.  Maybe as low as 99%.  It’s a once, sometimes twice a month need the long range to maybe once every three months.  Sometimes planned for a while, sometimes planned this week.  Often on a weekend, sometimes 4-5 days or a week or two. 

To school for our son, an errand, maybe lunch, back to school for pick up, off to karate, off to another appointment, all those trips = 99%.  It’s a somedays 3 trips, others 6-8.

The let’s  go to Paso this weekend, Morro Bay, Phoenix spring break, Mammoth, Tahoe, eastern Sierra’s, Flagstaff, that’s the 0.1-1% but 10% of miles (maybe more like 20%)

A weekend rental depending on the car is $300-$500.  Cheaper than a car payment, but if I need a second car anyway, that’s sunk.


I have an EV I adore for the convenience, economy, etc.  purchase price stunk, but that is steadily getting better.

It fulfills 99.9% of our families driving trips.  It also fulfills about 90% of our annual miles.

That’s the rub.  If forced to go to one vehicle, those 10% of miles and 0.1% of trips, financially wreck the cost proposition of the EV for us. 

To go solo EV, I’d need a rated 500 mile range EV.  With real world driving would probably give me the the real 400 range I need without lengthy stops to refuel.

Or I need reliable holiday peak travel stops to recharge in 20 minutes to add 200+ miles of range.  Without traffic, 200 miles is 3 hours of driving.  Usually a quick bio break, but no need for lengthy stops.

Alternatively, I need reliable, expedient and cost proportional access to a gas road trip vehicle.  Last time I checked, all three of those are coming up short.

My model X can go about 350 miles, so it's getting pretty close to your need. But it does charge at a slower rate so might not work for you.

I've heard from friends that Tesla supercharging stations can charge 800 - 1000 miles/hour on model 3 or model Y.

Why not just rent a car for your 0.1% of need? You can get unlimited miles rentals from costco travel

Or if you're not going far, third party car share app like turo is pretty inexpensive.
Title: Re: Oil
Post by: The California Court Company on April 01, 2022, 09:21:18 PM
Thats why you need 3CWG

2 small EVs (model 3 for example) for the daily commute, 1 gas powered mini van or large SUV for the long road trips

Yea, access to the Tesla Super chargers will probably push our next EV to Tesla if they don’t open their superchargers.

The 200 miles in 15 minutes is an “up to” number, but even 100 miles in 15 minutes is great.

My spring break trip to Phoenix was the first time in the last few years that I did not see a line at the Flying J superchargers.   Quartzite has a newer 36 station set up at Carl’s.  Still 230 miles Irvine to Quartzite.  I’m hoping the non-Tesla supercharging pilot goes well in Europe.

As for the 99.9%, it’s a “trips” number.  Maybe as low as 99%.  It’s a once, sometimes twice a month need the long range to maybe once every three months.  Sometimes planned for a while, sometimes planned this week.  Often on a weekend, sometimes 4-5 days or a week or two. 

To school for our son, an errand, maybe lunch, back to school for pick up, off to karate, off to another appointment, all those trips = 99%.  It’s a somedays 3 trips, others 6-8.

The let’s  go to Paso this weekend, Morro Bay, Phoenix spring break, Mammoth, Tahoe, eastern Sierra’s, Flagstaff, that’s the 0.1-1% but 10% of miles (maybe more like 20%)

A weekend rental depending on the car is $300-$500.  Cheaper than a car payment, but if I need a second car anyway, that’s sunk.


I have an EV I adore for the convenience, economy, etc.  purchase price stunk, but that is steadily getting better.

It fulfills 99.9% of our families driving trips.  It also fulfills about 90% of our annual miles.

That’s the rub.  If forced to go to one vehicle, those 10% of miles and 0.1% of trips, financially wreck the cost proposition of the EV for us. 

To go solo EV, I’d need a rated 500 mile range EV.  With real world driving would probably give me the the real 400 range I need without lengthy stops to refuel.

Or I need reliable holiday peak travel stops to recharge in 20 minutes to add 200+ miles of range.  Without traffic, 200 miles is 3 hours of driving.  Usually a quick bio break, but no need for lengthy stops.

Alternatively, I need reliable, expedient and cost proportional access to a gas road trip vehicle.  Last time I checked, all three of those are coming up short.

My model X can go about 350 miles, so it's getting pretty close to your need. But it does charge at a slower rate so might not work for you.

I've heard from friends that Tesla supercharging stations can charge 800 - 1000 miles/hour on model 3 or model Y.

Why not just rent a car for your 0.1% of need? You can get unlimited miles rentals from costco travel

Or if you're not going far, third party car share app like turo is pretty inexpensive.
Title: Re: Oil
Post by: Ready2Downsize on April 01, 2022, 10:33:16 PM
Prospective EV owners should be clear on one thing before they go new car shopping: electric cars are more expensive to purchase. According to the United States Natural Resources Defense Council (NRDC), the average sticker price on a new electric vehicle is approximately $19,000 more than that of a new gasoline-powered vehicle.

https://www.compare.com/electric-cars/guides/electric-car-cost

Funded by all the rest of us through subsidies and tax incentives so that a bunch of rich Californians can drive them, and import the energy to charge them …bargain equity.

Fee per mile driven is coming to make up for the gas tax EV cars do not pay by the end of the decade thanks to the low tax and spend state of California. Cities are wanting to add additional fees per mile driven.

Not clear how the state is going to charge for this and how they are going to charge people who don't live in the state or you'd have that charge by now.
Title: Re: Oil
Post by: The California Court Company on April 03, 2022, 10:49:32 AM
FCEV might be the long term future
Title: Re: Oil
Post by: OCtoSV on April 04, 2022, 08:02:32 AM
Model 3 + Tesla Solar/PW got us oil and PGE-free for 70K net of the Fed tax credit. PGE owes me $441 for last year's NEM excess gen, and given my new M3 may not be here until Sept that could triple for this coming annual true-up. Meanwhile friends with small condos that run AC are seeing ~$300 PGE bills, and large homes are >$500. Security of power and reduction of gas spending was our primary purchasing criteria but the inflation hedge is proving an added benefit.
Title: Re: Oil
Post by: irvinehomeowner on April 04, 2022, 11:42:48 AM
More homes going solar and giving back to the grid helps with any electrical supply concerns.

Cost of electricity without solar is still cheaper than gas... especially at the current corp greed markups.
Title: Re: Oil
Post by: CalBears96 on April 04, 2022, 12:05:34 PM
Model 3 + Tesla Solar/PW got us oil and PGE-free for 70K net of the Fed tax credit. PGE owes me $441 for last year's NEM excess gen, and given my new M3 may not be here until Sept that could triple for this coming annual true-up. Meanwhile friends with small condos that run AC are seeing ~$300 PGE bills, and large homes are >$500. Security of power and reduction of gas spending was our primary purchasing criteria but the inflation hedge is proving an added benefit.

I'm getting Model 3 and Mach E. I'm planning to install solar panel. Is it worth getting PW for $10k?
Title: Re: Oil
Post by: OCtoSV on April 04, 2022, 03:09:08 PM
Model 3 + Tesla Solar/PW got us oil and PGE-free for 70K net of the Fed tax credit. PGE owes me $441 for last year's NEM excess gen, and given my new M3 may not be here until Sept that could triple for this coming annual true-up. Meanwhile friends with small condos that run AC are seeing ~$300 PGE bills, and large homes are >$500. Security of power and reduction of gas spending was our primary purchasing criteria but the inflation hedge is proving an added benefit.

I'm getting Model 3 and Mach E. I'm planning to install solar panel. Is it worth getting PW for $10k?

$7K factoring in the tax credit. Without it no free electrons after sundown and you're back to paying for electricity. Solar without battery doesn't make a lot of sense unless the system is really cheap.
Title: Re: Oil
Post by: CalBears96 on April 04, 2022, 03:11:54 PM
Model 3 + Tesla Solar/PW got us oil and PGE-free for 70K net of the Fed tax credit. PGE owes me $441 for last year's NEM excess gen, and given my new M3 may not be here until Sept that could triple for this coming annual true-up. Meanwhile friends with small condos that run AC are seeing ~$300 PGE bills, and large homes are >$500. Security of power and reduction of gas spending was our primary purchasing criteria but the inflation hedge is proving an added benefit.

I'm getting Model 3 and Mach E. I'm planning to install solar panel. Is it worth getting PW for $10k?

$7K factoring in the tax credit. Without it no free electrons after sundown and you're back to paying for electricity. Solar without battery doesn't make a lot of sense unless the system is really cheap.

You get tax credit for PW also? I thought only for solar panels. In that case, it's probably worth it.
Title: Re: Oil
Post by: nosuchreality on April 04, 2022, 04:49:44 PM
Model 3 + Tesla Solar/PW got us oil and PGE-free for 70K net of the Fed tax credit. PGE owes me $441 for last year's NEM excess gen, and given my new M3 may not be here until Sept that could triple for this coming annual true-up. Meanwhile friends with small condos that run AC are seeing ~$300 PGE bills, and large homes are >$500. Security of power and reduction of gas spending was our primary purchasing criteria but the inflation hedge is proving an added benefit.

Is that $441 the net gen credit on your monthly bill?    When they cash it out, it might be surprising.
Title: Re: Oil
Post by: Liar Loan on April 04, 2022, 04:51:55 PM
especially at the current corp greed markups.

Maybe we should nationalize oil production like Venezuela.. That has worked out incredibly well for them.

Title: Re: Oil
Post by: OCtoSV on April 05, 2022, 09:37:05 AM
Model 3 + Tesla Solar/PW got us oil and PGE-free for 70K net of the Fed tax credit. PGE owes me $441 for last year's NEM excess gen, and given my new M3 may not be here until Sept that could triple for this coming annual true-up. Meanwhile friends with small condos that run AC are seeing ~$300 PGE bills, and large homes are >$500. Security of power and reduction of gas spending was our primary purchasing criteria but the inflation hedge is proving an added benefit.

I'm getting Model 3 and Mach E. I'm planning to install solar panel. Is it worth getting PW for $10k?

$7K factoring in the tax credit. Without it no free electrons after sundown and you're back to paying for electricity. Solar without battery doesn't make a lot of sense unless the system is really cheap.

You get tax credit for PW also? I thought only for solar panels. In that case, it's probably worth it.

tax credit on the whole installation, which for me included an extra $7K of roof tile replacement (Tesla found the sub to do it).
Title: Re: Oil
Post by: OCtoSV on April 05, 2022, 09:37:56 AM
Model 3 + Tesla Solar/PW got us oil and PGE-free for 70K net of the Fed tax credit. PGE owes me $441 for last year's NEM excess gen, and given my new M3 may not be here until Sept that could triple for this coming annual true-up. Meanwhile friends with small condos that run AC are seeing ~$300 PGE bills, and large homes are >$500. Security of power and reduction of gas spending was our primary purchasing criteria but the inflation hedge is proving an added benefit.

Is that $441 the net gen credit on your monthly bill?    When they cash it out, it might be surprising.

for the 1 year cycle true-up PGE owes me $441.
Title: Re: Oil
Post by: irvinehomeowner on April 05, 2022, 09:46:24 AM
especially at the current corp greed markups.

Maybe we should nationalize oil production like Venezuela.. That has worked out incredibly well for them.



I sense sarcasm here but isn't morekaos' "more drilling" mantra a dangerous step in this direction?
Title: Re: Oil
Post by: Liar Loan on April 05, 2022, 10:18:46 AM
especially at the current corp greed markups.

Maybe we should nationalize oil production like Venezuela.. That has worked out incredibly well for them.


I sense sarcasm here but isn't morekaos' "more drilling" mantra a dangerous step in this direction?

I would be in favor of removing all oil subsidies in exchange for opening up drilling, fracking, and pipelines.

Long term I would like to see nuclear replace fossil fuel usage to the extent possible.

Title: Re: Oil
Post by: morekaos on April 05, 2022, 11:19:51 AM
especially at the current corp greed markups.

Maybe we should nationalize oil production like Venezuela.. That has worked out incredibly well for them.



I sense sarcasm here but isn't morekaos' "more drilling" mantra a dangerous step in this direction?

Dangerous?  More like just common sense, it would just get us back to where were a few years ago.  Life on earth was just fine last year...It is the ONLY simple answer. ;D ;D >:D
Title: Re: Oil
Post by: morekaos on April 18, 2022, 10:38:30 AM
Drill baby dril!!l...It is the only way...Money always trumps political stands...

Biden administration to resume leasing for oil and gas drilling on federal lands
The move comes as President Joe Biden seeks new ways to help lower gas prices.

The Interior Department announced that on Monday it will release a sale notice for leases to drill on 144,000 acres of government land — 80 percent less than what was initially being evaluated for potential leasing.

President Joe Biden, who on the campaign trail called for an end to drilling on federal lands, has been looking for ways to temporarily increase U.S. energy production to help drive down the price of gas. His administration has been under growing pressure to do more to lower gas prices, with Republicans in particular saying it should allow more drilling.

https://www.nbcnews.com/politics/politics-news/biden-administration-resume-leasing-oil-gas-drilling-federal-lands-rcna24646
Title: Re: Oil
Post by: morekaos on April 27, 2022, 11:42:02 AM
The quiet war on energy...you wonder why they won't increase production when any move to do so is met with walls?...

Biden Admin stalls natural gas pipeline at the behest of environmental activists

The Fish and Wildlife Service (FWS) recommended that the USACE rescind the permit after two environmental groups, the Center for Biological Diversity and Kentucky Resources Council, threatened to file a lawsuit over the project. The groups sent a 60-day notice of intent (NOI) to sue for alleged violations of the ESA to the Department of the Interior, FWS and USACE on Feb. 28.

The two environmental groups argued that pipeline construction would disturb Indiana bats, gray bats and northern long-eared bats which they said live in underground caves along the proposed route. The FWS has classified Indiana and gray bats as endangered for decades and recently proposed to also list the northern long-eared bat as endangered.

“Kentucky’s endangered bats can’t wait any longer for protection from habitat destruction, so this is an important step,” Perrin de Jong, a staff attorney at the Center for Biological Diversity, said in a statement.

https://www.bizpacreview.com/2022/04/27/biden-admin-stalls-natural-gas-pipeline-at-the-behest-of-environmental-activists-1230820/
Title: Re: Oil
Post by: irvinehomeowner on April 27, 2022, 03:10:19 PM
@morekaos:

What about the possible risks and environmental impact of "more drilling"?

Do you want "more spilling" too?
Title: Re: Oil
Post by: morekaos on April 27, 2022, 03:41:50 PM
@morekaos:

What about the possible risks and environmental impact of "more drilling"?

Do you want "more spilling" too?

Risk worth taking and if anyone on earth will drill safely it’s gonna be us. 
Title: Re: Oil
Post by: irvinehomeowner on April 27, 2022, 03:56:32 PM
The cost of cleanup and environmental damage of recent oil spills off the Cali coast does not convince me that it's worth it.

Just switch to renewable energy. :)
Title: Re: Oil
Post by: morekaos on April 27, 2022, 04:11:35 PM
What spills?  Drill, drill, drill.  You think Saudi, Nigeria, Russian, Venezuelan or Mexicans are drilling cleaner?  The world needs cheap, plentiful energy…not unicorns and rainbows.
Title: Re: Oil
Post by: CogNeuroSci on April 27, 2022, 06:28:10 PM
What spills?  Drill, drill, drill.  You think Saudi, Nigeria, Russian, Venezuelan or Mexicans are drilling cleaner?  The world needs cheap, plentiful energy…not unicorns and rainbows.

Unicorns and rainbows? Stop making fun of Akula.
Title: Re: Oil
Post by: Liar Loan on April 28, 2022, 09:58:50 AM
@morekaos:

What about the possible risks and environmental impact of "more drilling"?

Do you want "more spilling" too?

We've been drilling for decades.  Technology has only improved over time, and spills are exceedingly rare, even with decades old technology.
Title: Re: Oil
Post by: akula1488 on April 28, 2022, 05:41:24 PM
There is a hypothesis that majority of oil is abiotic, which means we could never run out. And we are in a global cooling trend if we plot the global temp in million year scale, so more CO2 the better.
Title: Re: Oil
Post by: irvinehomeowner on May 02, 2022, 10:16:37 AM
3 of morekaos' favorite subjects rolled up into one:

California runs on 100% clean energy for the first time, with solar dominating

Quote
For the first time ever, California, the world’s fifth-largest economy, was powered by 100% clean energy on Saturday, April 30. That milestone was driven largely by solar power.

https://electrek.co/2022/05/02/california-runs-on-100-clean-energy-for-the-first-time-with-solar-dominating/

More clean energy, less reliance on oil
Better for the environment
... and more reasons to live and work in California!
Title: Re: Oil
Post by: morekaos on May 02, 2022, 11:44:10 AM
Unicorns and rainbows....

'Extraordinarily frustrated': Renters can find no place to plug in electric vehicles

With nearly 1 out of 3 households living in apartments or condominiums, the goal of switching to electric vehicles to fight climate change and save on gas becomes all the more challenging.

$5,000 to install a charger
Yet some EV owners like Schubach, a home-based consultant, face a charging dilemma when they don't know where they can go to regularly plug in.

In a city as environmentally conscious as Santa Monica, California, one dedicated to pursuit of “water self-sufficiency, zero waste, and carbon neutrality,” she figured finding a way to recharge her BMW 330e wouldn’t be much of a problem.

“I wasn’t worried about it,” said Schubach. She figured she could get a wall charger installed near her parking spot or, at the very least, find a way to run a cord to a standard wall socket.

But she soon found out there was simply no place to plug it in. The electric utility wouldn’t let her install a separate meter so she could pay for the extra juice, and it could cost upwards of $5,000 for a new wiring arrangement.

“I am extraordinarily frustrated,” she said.
'Circling like sharks' at Whole Foods
She has turned for help to a local EV advocacy group, Drive Clean Santa Monica, where co-founder Kelly Richard Olsen is all too familiar with the hassles of trying to keep an EV charged when you can’t park it in your own driveway or garage.

Olsen, too, owns an EV, a Chevrolet Bolt, lives in an apartment building and parks on the street, leaving him entirely dependent on finding charging around the city. There simply aren’t enough public chargers, he says.

“There are so many people out there with electric cars and the infrastructure has not kept up,” he said. “People are circling like sharks for these chargers.”

At the chargers in a Whole Foods Market parking lot, he said he’ll catch stares from passing EV drivers hoping to pounce as soon as he’s ready to leave. A nearby park is another option, but sometimes a city van will block the charger or the driver of a gas-powered car will take the spot.

https://www.msn.com/en-us/autos/autos-hybrids/extraordinarily-frustrated-renters-can-find-no-place-to-plug-in-electric-vehicles/ar-AAWLWzy?ocid=msedgntp&cvid=b7e62f4b5d8646a5b7131c4b06aca0ce
Title: Re: Oil
Post by: OCtoSV on May 02, 2022, 02:35:00 PM
rolling....buy a condo/house with your own garage before you buy an EV - what a tool!
Title: Re: Oil
Post by: USCTrojanCPA on May 02, 2022, 03:16:02 PM
Unfortunately I can see CA mandating that landlords install EV chargers in their rental units, it's not a matter of if but when. 
Title: Re: Oil
Post by: nosuchreality on May 02, 2022, 04:31:31 PM
Unicorns and rainbows....

'Extraordinarily frustrated': Renters can find no place to plug in electric vehicles

With nearly 1 out of 3 households living in apartments or condominiums, the goal of switching to electric vehicles to fight climate change and save on gas becomes all the more challenging.

$5,000 to install a charger
Yet some EV owners like Schubach, a home-based consultant, face a charging dilemma when they don't know where they can go to regularly plug in.

In a city as environmentally conscious as Santa Monica, California, one dedicated to pursuit of “water self-sufficiency, zero waste, and carbon neutrality,” she figured finding a way to recharge her BMW 330e wouldn’t be much of a problem.

“I wasn’t worried about it,” said Schubach. She figured she could get a wall charger installed near her parking spot or, at the very least, find a way to run a cord to a standard wall socket.

But she soon found out there was simply no place to plug it in. The electric utility wouldn’t let her install a separate meter so she could pay for the extra juice, and it could cost upwards of $5,000 for a new wiring arrangement.

“I am extraordinarily frustrated,” she said.
'Circling like sharks' at Whole Foods
She has turned for help to a local EV advocacy group, Drive Clean Santa Monica, where co-founder Kelly Richard Olsen is all too familiar with the hassles of trying to keep an EV charged when you can’t park it in your own driveway or garage.

Olsen, too, owns an EV, a Chevrolet Bolt, lives in an apartment building and parks on the street, leaving him entirely dependent on finding charging around the city. There simply aren’t enough public chargers, he says.

“There are so many people out there with electric cars and the infrastructure has not kept up,” he said. “People are circling like sharks for these chargers.”

At the chargers in a Whole Foods Market parking lot, he said he’ll catch stares from passing EV drivers hoping to pounce as soon as he’s ready to leave. A nearby park is another option, but sometimes a city van will block the charger or the driver of a gas-powered car will take the spot.

https://www.msn.com/en-us/autos/autos-hybrids/extraordinarily-frustrated-renters-can-find-no-place-to-plug-in-electric-vehicles/ar-AAWLWzy?ocid=msedgntp&cvid=b7e62f4b5d8646a5b7131c4b06aca0ce


There’s money in those hills.   My drive to the freeways pass a little food court/office building.   The street behind is lined with apartment buildings.  They put 12 paid EV rapid chargers in.    Spread them out in groups of four.
Title: Re: Oil
Post by: irvinehomeowner on May 02, 2022, 04:34:16 PM
Yeah... all that office space that isn't needed anymore because of WFH can be replaced with charging stations. :)
Title: Re: Oil
Post by: nosuchreality on May 02, 2022, 04:35:29 PM
Thanks.  Didn’t realize CA ISO was pumping that much public data.

https://www.caiso.com/TodaysOutlook/Pages/index.html

3 of morekaos' favorite subjects rolled up into one:

California runs on 100% clean energy for the first time, with solar dominating

Quote
For the first time ever, California, the world’s fifth-largest economy, was powered by 100% clean energy on Saturday, April 30. That milestone was driven largely by solar power.

https://electrek.co/2022/05/02/california-runs-on-100-clean-energy-for-the-first-time-with-solar-dominating/

More clean energy, less reliance on oil
Better for the environment
... and more reasons to live and work in California!
Title: Re: Oil
Post by: morekaos on May 06, 2022, 08:21:38 AM
When a business man is running the economy...

Trump Announces Massive Oil Purchase for Strategic Petroleum Reserve

According to Trump, the oil purchases will have numerous benefits, including "saving the American taxpayer billions and billions of dollars, helping our oil industry, and ... it puts us in a position that's very strong, and we're buying at the right price."

https://www.fool.com/investing/2020/03/13/trump-announces-massive-oil-purchase-for-strategic.aspx

$32.11 a barrel...When a moron is running the economy...

Biden administration launches plan to refill emergency oil reserve

New York (CNN Business)The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a years-long process aimed at replenishing America's emergency oil reserve, an Energy Department official told CNN.

https://www.cnn.com/2022/05/05/energy/spr-biden/index.html

$110.41 a barrel....idiot!
Title: Re: Oil
Post by: AW on May 06, 2022, 09:53:43 AM
The way you laid it out reads like it's all Trump's fault, he obviously did not buy enough hence Biden needs to buy now at increased prices

When a business man is running the economy...

Trump Announces Massive Oil Purchase for Strategic Petroleum Reserve

According to Trump, the oil purchases will have numerous benefits, including "saving the American taxpayer billions and billions of dollars, helping our oil industry, and ... it puts us in a position that's very strong, and we're buying at the right price."

https://www.fool.com/investing/2020/03/13/trump-announces-massive-oil-purchase-for-strategic.aspx

$32.11 a barrel...When a moron is running the economy...

Biden administration launches plan to refill emergency oil reserve

New York (CNN Business)The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a years-long process aimed at replenishing America's emergency oil reserve, an Energy Department official told CNN.

https://www.cnn.com/2022/05/05/energy/spr-biden/index.html

$110.41 a barrel....idiot!
Title: Re: Oil
Post by: morekaos on May 06, 2022, 11:41:27 AM
The way you laid it out reads like it's all Trump's fault, he obviously did not buy enough hence Biden needs to buy now at increased prices


Actually, Trump topped it off at great prices and Brandon dumped that trying to force prices lower...now he is trying to fill it back up a month later at what will end up being higher prices.  Backwards economics..sell high...buy higher.
Title: Re: Oil
Post by: CalBears96 on May 06, 2022, 11:45:28 AM
Only a moron like moretroll would call Trump, a guy who has filed bankruptcy SIX times, a businessman.
Title: Re: Oil
Post by: morekaos on May 06, 2022, 11:49:49 AM
Only a moron like moretroll would call Trump, a guy who has filed bankruptcy SIX times, a businessman.

Only a corrupt moron could wreck the strongest economy on earth in less than 12 months.  How's this working for ya?
;D ;D >:D
Title: Re: Oil
Post by: Compressed-Village on May 06, 2022, 12:20:31 PM
Sell low, buy high.  :), gotta help this economy somehow. :) :) :)
Title: Re: Oil
Post by: Liar Loan on May 06, 2022, 12:31:37 PM
If you read CalBears' posts in the voice of Skeletor, it makes them a lot more entertaining.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi.ytimg.com%2Fvi%2FzloWEvRDhgI%2Fhqdefault.jpg&f=1&nofb=1)
Title: Re: Oil
Post by: morekaos on May 06, 2022, 12:42:40 PM
...There!...Respect is restored!!....

Diplomatic FAIL: OPEC once again rebuffs Biden’s pleas for more oil

The Organization of the Petroleum Exporting Countries (OPEC), the powerful Middle Eastern oil cartel, stuck to its planned incremental production increase, shrugging off calls from the West for greater supply.

Both the cartel and Russia, collectively known as OPEC+, will stick to their plan to raise production by a modest 432,000 barrels per day in June, multiple delegates told Reuters, despite pleas from the Biden administration.

https://www.bizpacreview.com/2022/05/05/diplomatic-fail-opec-once-again-rebuffs-bidens-pleas-for-more-oil-1234186/
Title: Re: Oil
Post by: OCtoSV on May 06, 2022, 12:49:49 PM
Only a moron like moretroll would call Trump, a guy who has filed bankruptcy SIX times, a businessman.

All while continuing to grow his net worth, and making a couple major banks agree to cents on the dollar. Also recently did a nice cash out on his trophy SF property and has another winning hand via DWAC. Yeah, businessman.
Title: Re: Oil
Post by: morekaos on May 06, 2022, 01:07:38 PM
Gotta love Santelli...he calls it like he sees it... ;D ;D >:D

‘We’re All Doomed’: CNBC Host Levels Stark Prediction For Economy

CNBC’s Rick Santelli warned Friday on “Squawk Box” that the world economy is “doomed” if leaders keep bucking fossil fuels.

“I think it’s really funny when I see the Eurozone debating about what to do with oil and gas, and Putin’s somewhere watching it. It just seems really weird, he’s holding the switch. He can do it anytime he wants,” Santelli added. “And I still say, if there’s one word about what the future of the world’s economy looks like down the road, and people aren’t going to like this, it’s about the cost of energy. If people want to keep energy prices high and the governments want to have secret meetings about really not being all that enamored with fossil fuels at this point in history, then we’re all doomed to slower economies down the road, period.”

President Joe Biden has reversed several Trump-era energy policies since taking office, with former Interior Secretary David Bernhardt recently saying the move has hurt Americans amid the Ukraine crisis.

“As a candidate, President Biden was very, very clear that he had a different energy vision than the vision of energy independence — even energy dominance — that Trump had,” Bernhardt told the Daily Caller News Foundation.

https://dailycaller.com/2022/05/06/were-all-doomed-cnbc-host-rick-santelli-levels-stark-prediction-economy/
Title: Re: Oil
Post by: morekaos on May 18, 2022, 08:26:16 AM
Unicorns and rainbows...

AUTOS
EV battery costs could spike 22% by 2026 as raw material shortages drag on

The cost to produce electric vehicles is primed to surge over the next four years, according to a new report from research firm E Source.
The spike is the result of scarcity in key raw materials needed to make EV battery cells.
E Source estimates battery cell prices will surge 22% from 2023 through 2026, peaking at $138 per kilowatt-hour.

https://www.cnbc.com/2022/05/18/ev-battery-costs-set-to-spike-as-raw-material-shortages-drags-on.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail
Title: Re: Oil
Post by: irvinehomeowner on May 18, 2022, 10:12:33 AM
And gas is over $6 a gallon... while I am enjoying my sweet EV gas immunity.
Title: Re: Oil
Post by: morekaos on May 18, 2022, 10:19:12 AM
And gas is over $6 a gallon... while I am enjoying my sweet EV gas immunity.

How much did that cost you?  How much did the home charger cost to put in?  How much has your home energy bill gone up?
What will you do in ten years when the battery dies?  Your costs will even out and the batteries (production and disposal) will kill the earth.  It's a push.
;D ;D >:D
Title: Re: Oil
Post by: Kenkoko on May 18, 2022, 10:26:00 AM
Every word in morekaos' purple texts is literally true.

It's when you group them into sentences that problems arise.
Title: Re: Oil
Post by: irvinehomeowner on May 18, 2022, 10:46:35 AM
And gas is over $6 a gallon... while I am enjoying my sweet EV gas immunity.

How much did that cost you?  How much did the home charger cost to put in?  How much has your home energy bill gone up?
What will you do in ten years when the battery dies?  Your costs will even out and the batteries (production and disposal) will kill the earth.  It's a push.
;D ;D >:D

This just displays either your ignorance or your lack of desire to explore new and alternative technologies.

We actually only use Level 1 charging, so any 110v outlet in our garage works... charges overnight and we are good. If we need something faster or a larger recharge, just go to a Supercharger and go shopping, eat a meal or whatever.

Increase in monthly cost is less than $100 for 2 EVs... do the math on how much that would cost in gas. And, when we go solar... that will be even less.

I don't keep cars past 4 years... not many keep cars past 10 years if you want modern technology and safety features... at that point, you are collecting cars, not driving them.

Battery tech is advancing so we can recycle the materials... can you recycle the gas emissions back into oil?

Also, the driving experience is so good with an EV over ICE... quieter, cooler, instant torque, 4-wheel steering with upcoming trucks.

Do you still use flip phone? :)
Title: Re: Oil
Post by: qwerty on May 18, 2022, 10:48:02 AM
And gas is over $6 a gallon... while I am enjoying my sweet EV gas immunity.

IHO - what was your estimated breakeven point on the EV? The higher gas costs definitely pull in the time frame.
Title: Re: Oil
Post by: irvinehomeowner on May 18, 2022, 10:54:41 AM
And gas is over $6 a gallon... while I am enjoying my sweet EV gas immunity.

IHO - what was your estimated breakeven point on the EV? The higher gas costs definitely pull in the time frame.

I just did fuzzy math.

My Model Y was less than $50k which is what you are spending on any luxury crossover anyways.

My monthly electric bill increase was less than gas prior to the Putin crap.

I was already driving a PHEV prior to the Tesla so I was already saving gas money for the past 4 years... so I knew going full EV was a no-brainer.

So really... it was break-even from the jump... and that was without the Fed credit (since Teslas don't qualify)... but our 2nd EV was not a Tesla so we got the Uncle Same bonus on that one.
Title: Re: Oil
Post by: morekaos on May 18, 2022, 11:21:18 AM
Really this doesn't affect me much. I drive a 1991 restored Ford Bronco on weekends for fun. My commute is 1/2 a mile from my home by golf cart. The real pain comes in filling up my yacht for this summer..that sucks but I am fortunate, I can afford it.  Most in this economy can't...the middle and lower class suffers the most and they don't have many options to ease the pain...sucks for them ;D ;D >:D
Title: Re: Oil
Post by: irvinehomeowner on May 18, 2022, 02:56:17 PM
Really this doesn't affect me much.
... I can afford it. 
... the middle and lower class suffers the most
...sucks for them
;D ;D >:D

This is your real story... selfishness.

The patterns in your posts reveal all.

Where is Liar Loan to scold you for getting yours and not thinking about the little guy?
Title: Re: Oil
Post by: morekaos on May 18, 2022, 03:05:04 PM
I’m pointing out “it sucks for them”. I feel fortunate and grateful.
Title: Re: Oil
Post by: morekaos on May 19, 2022, 09:00:22 AM
And gas is over $6 a gallon... while I am enjoying my sweet EV gas immunity.

So what happens when you get a blackout this summer and you can't charge your car for work?

NERC alerts California, Texas, and the Midwest of potential summer energy shortages
California: the greatest concern for NERC
Texas, New England, and the Midcontinent ISO were found to have an “elevated risk” of blackout due to new extreme weather conditions, said NERC in recent testimony.  However, California is the “greatest concern” of all the forecasted territories.

Accordingly, the corporation estimates that 11 GW of energy imports could be necessary for the state to meet late afternoon peak demand. In contrast, an average day needs 1 GW.

Responding to NERC’s declarations, California Independent System Operator (CAISO) officials acknowledged that although there is cause for concern, the system is better situated than it was a year ago.

In fact, in February and March this year, the California Public Utilities Commission approved measures to shore up resources. Therefore, the state could include directing utilities to contract additional capacity from a variety of sources.

Thus, CAISO “anticipates supply conditions in 2021 to be better than 2020,” said the grid operator in its 2021 Summer Loads and Resources Assessment. However, it continues to see potential challenges in meeting demand during extreme heatwaves.

https://energycapitalmedia.com/2021/05/19/nerc-california-texas-midwest/
Title: Re: Oil
Post by: iacrenter on May 19, 2022, 11:06:38 AM
Unless your gas station has a backup generator, then ICE cars will be out of luck as well. If things get bad, Californians will likely invest more in solar/batteries and generators
Title: Re: Oil
Post by: morekaos on May 19, 2022, 11:53:04 AM
Unless your gas station has a backup generator, then ICE cars will be out of luck as well. If things get bad, Californians will likely invest more in solar/batteries and generators

Nah...I will wake up and get in my Bronco, start it up (because the tank is always full) and go to work.  Tesla owners will be calling Uber round trip if any are available.
Title: Re: Oil
Post by: AW on May 19, 2022, 01:09:35 PM
why would tesla owners be calling for uber round trip, do all tesla owners have zero charge when black outs happens, and only you have a full tank on your bronco?  are we expecting black out for consecutive weeks, months?  ice folks would face similar issues if that happens at the pump

let me guess, if that happens, fortunately for you, you'll be on your yacht and sucks for everyone else?
Title: Re: Oil
Post by: morekaos on May 19, 2022, 01:46:22 PM
why would tesla owners be calling for uber round trip, do all tesla owners have zero charge when black outs happens, and only you have a full tank on your bronco?  are we expecting black out for consecutive weeks, months?  ice folks would face similar issues if that happens at the pump

let me guess, if that happens, fortunately for you, you'll be on your yacht and sucks for everyone else?

The Bronco's tank is always full becaus I drive a golf cart to work so if a blackout doesn't charge it...I have a backup.  If you overnight charge on 110v (as IHO does) you are SOL after a blackout. Leaving the lowly Petrol Uber as your chariot to work.  I actually rely on the 450 gallon tank on my boat as a backup for generator and emergency housing.  Its can provide shelter, water, food, power and possibly mobility in case of total blackouts.
Title: Re: Oil
Post by: irvinehomeowner on May 19, 2022, 02:34:05 PM
why would tesla owners be calling for uber round trip, do all tesla owners have zero charge when black outs happens, and only you have a full tank on your bronco?  are we expecting black out for consecutive weeks, months?  ice folks would face similar issues if that happens at the pump

let me guess, if that happens, fortunately for you, you'll be on your yacht and sucks for everyone else?

The Bronco's tank is always full becaus I drive a golf cart to work so if a blackout doesn't charge it...I have a backup.  If you overnight charge on 110v (as IHO does) you are SOL after a blackout. Leaving the lowly Petrol Uber as your chariot to work.  I actually rely on the 450 gallon tank on my boat as a backup for generator and emergency housing.  Its can provide shelter, water, food, power and possibly mobility in case of total blackouts.

See, again, morekaos knows nothing about EVs.

Just like gas cars, no one really runs their EV down to 0%. Most of the time, because our commutes are local, we are at 70% or higher at the end of the day... charging overnight takes us to 90% (based on "good" battery charging habits to extend the life).

So even if there was a blackout, I still have 70% charge to get me to an area without a blackout and Supercharge (because Tesla SCs are everwhere) or I can use ChargePoint or ElectrifyAmerica or EVGo for our other EV that is even more everwhere.

So like you, I have a backup and... I still have my ICE car (which we rarely drive)... so yeah, more redundancy... I even have an ebike and regular bikes too... and none of those need water to get anywhere.

And now that you've been soundly pounded into the ground... time to break out your "Just kidding" card?
Title: Re: Oil
Post by: Liar Loan on May 19, 2022, 02:56:12 PM
Really this doesn't affect me much.
... I can afford it. 
... the middle and lower class suffers the most
...sucks for them
;D ;D >:D

This is your real story... selfishness.

The patterns in your posts reveal all.

Where is Liar Loan to scold you for getting yours and not thinking about the little guy?

Refurbishing a 30 year old vehicle and driving an electric golf cart are quite possibly two of the best things you can do for the environment.  Morekaos deserves props for that.

You, on the other hand, buy a new vehicle every two years, which is terrible for the environment.  Hence, you are the one living a selfish lifestyle by destroying the planet we all have to live on.
Title: Re: Oil
Post by: AW on May 19, 2022, 04:01:47 PM
Really this doesn't affect me much.
... I can afford it. 
... the middle and lower class suffers the most
...sucks for them
;D ;D >:D

This is your real story... selfishness.

The patterns in your posts reveal all.

Where is Liar Loan to scold you for getting yours and not thinking about the little guy?

Refurbishing a 30 year old vehicle and driving an electric golf cart are quite possibly two of the best things you can do for the environment.  Morekaos deserves props for that.

You, on the other hand, buy a new vehicle every two years, which is terrible for the environment.  Hence, you are the one living a selfish lifestyle by destroying the planet we all have to live on.
…and then all that gets offset with the environmental impact of owning a yacht…
Title: Re: Oil
Post by: irvinehomeowner on May 19, 2022, 05:07:19 PM
Poor LL has to hold up morekaos' pants because he can't find any other support here.

What do you drive LL? Do you support EVs or prefer to go ICE ICE baby?
Title: Re: Oil
Post by: morekaos on May 20, 2022, 08:21:45 AM
Hold up?  I'm not in the minority on this issue.  Almost 50% of all EV sales are right here in California.  We are the only state that EV adoption is showing up at all and even here it is a minuscule percentage of vehicles on the road.  It is also here where all the weaknesses and pressure points will show. You are the Guinee pigs for this expensive experiment.  Enjoy the gerbil house before it collapses like Tonapah. Unicorns and Rainbows...

California's electrical grid has an EV problem

California energy officials issued a sobering warning this month, telling residents to brace for potential blackouts as the state’s energy grid faces capacity constraints heading into the summer months.

And since the state has committed to phase out all new gas-powered vehicles by 2035 — well ahead of federal targets — the additional load from electric vehicle (EV) charging could add more strain to the electric grid.

“Let’s say we were to have a substantial number of [electric] vehicles charging at home as everybody dreams,” Ram Rajagopal, an associate professor of Civil and Environmental Engineering at Stanford University, who authored a recent study looking at the strain electric vehicle adoption is expected to place on the power grid, told Yahoo Finance. “Today’s grid may not be able to support it. It all boils down to: Are you charging during the time solar power is on?”

https://finance.yahoo.com/news/ev-adoption-behavioral-changes-101718236.html
Title: Re: Oil
Post by: morekaos on May 20, 2022, 08:30:48 AM
Really this doesn't affect me much.
... I can afford it. 
... the middle and lower class suffers the most
...sucks for them
;D ;D >:D

This is your real story... selfishness.

The patterns in your posts reveal all.

Where is Liar Loan to scold you for getting yours and not thinking about the little guy?

Refurbishing a 30 year old vehicle and driving an electric golf cart are quite possibly two of the best things you can do for the environment.  Morekaos deserves props for that.

You, on the other hand, buy a new vehicle every two years, which is terrible for the environment.  Hence, you are the one living a selfish lifestyle by destroying the planet we all have to live on.
…and then all that gets offset with the environmental impact of owning a yacht…

It's only selfish depending on your point of view.  I don't believe "one guy can make a difference" or for that matter, on this issue energy, one country.  I prefer to err to the side of practicality and market forces.  Energy is the root of all of our current economic woes.  Climate change, if you believe it is man made, can't be changed by you or me or our country.  People, in general, are lifted out out poverty and made better by cheap and readily available energy....Drill baby Drill!!! is the only practical answer.
Title: Re: Oil
Post by: Liar Loan on May 20, 2022, 09:56:16 AM
Poor LL has to hold up morekaos' pants because he can't find any other support here.

What do you drive LL? Do you support EVs or prefer to go ICE ICE baby?

I try to get the full usable life out of my cars before buying a new one, which means buying cars infrequently (the best policy from an environmental standpoint). My last car was 15 years old before I sold it - a Toyota with 200k miles.

At that time, there were no EV's that were big enough for a large family.  Has that changed?  Are there any seven-passenger EV's on the market now?

Title: Re: Oil
Post by: Kenkoko on May 20, 2022, 10:04:12 AM
Are there any seven-passenger EV's on the market now?

Both the Model X and Y already have a 7 seater option. More are coming later this year and next, like the Mercedes-Benz EQB
Title: Re: Oil
Post by: irvinehomeowner on May 20, 2022, 11:19:05 AM
The 7-passenger Model Y is more like 5+2 kids.

R1S is 7-passenger EV but long wait time.

PHEV:

Chrysler Pacifica
Kia Sorento
Mitsubishi Outlander (later this year)
Title: Re: Oil
Post by: irvinehomeowner on May 20, 2022, 11:21:38 AM
It's only selfish depending on your point of view.  I don't believe "one guy can make a difference" or for that matter, on this issue energy, one country.  I prefer to err to the side of practicality and market forces.  Energy is the root of all of our current economic woes.  Climate change, if you believe it is man made, can't be changed by you or me or our country.  People, in general, are lifted out out poverty and made better by cheap and readily available energy....Drill baby Drill!!! is the only practical answer.

The flaw here is that currently, oil is not cheap. And there is no guarantee that "drill baby drill" will make it cheaper because oil is not really renewable.

So by your logic, one more drill... or one hundred more drills may really not matter.
Title: Re: Oil
Post by: irvinehomeowner on May 20, 2022, 11:27:55 AM
Poor LL has to hold up morekaos' pants because he can't find any other support here.

What do you drive LL? Do you support EVs or prefer to go ICE ICE baby?

I try to get the full usable life out of my cars before buying a new one, which means buying cars infrequently (the best policy from an environmental standpoint). My last car was 15 years old before I sold it - a Toyota with 200k miles.

Do you have a chart proving that keeping a car for 15 years vs 3 years is better for the environment?

All cars don't last forever so they have to make new ones and it's not like my 3-year old car goes into the junkyard... it goes to someone else to use which is going to happen, just like more people are born.

What helps the environment is more cars that use clean/renewable energy... and to cycle out the gas burners. Or are you like morekaos and don't get that concept?

I'll put my morekaos hat on... do you think your one 15 year old Toyota burning gas made a difference and was better for the environment?

The contradiction in both of you is so hilarious.
Title: Re: Oil
Post by: morekaos on May 20, 2022, 11:31:20 AM
Wrong, it doesn't have to be renewable..we have lots of it right under our feet... simple supply and demand dynamics...however, there is a reason we are not pumping as much oil daily as we were just a year and a half ago...hmmmm...what happened then that changed that?..let me think...
Title: Re: Oil
Post by: morekaos on May 20, 2022, 11:58:41 AM
Oh yah...Brandon happened and now we are mocked ....

Alberta Premier Mocks Biden for Refusing Canadian Oil: 'You Don’t Need the U.S. Navy's Fifth Fleet to Patrol the Great Lakes'

One of the most frustrating aspects of the Biden administration — and Lord knows there are a lot of things that infuriate people about them — is the way the U.S. went from a net energy exporter to record high gas prices and a reliance on oil imported from other countries.

The administration knows exactly what it’s doing. The White House has acquiesced to the environmental lobby, and the end game is a push for “green energy” that’s both infeasible and expensive, at least right now. But that hasn’t stopped the drive to punish Americans who haven’t followed the administration’s flippant advice to buy an expensive electric vehicle.

In the meantime, until all you rubes go electric, the administration is looking to nations that are hostile to American values like Venezuela and Iran. If we must import our oil, why not get it from North America? I’ve written before about one Canadian official who has invited the U.S. to buy oil from our friendly northern neighbors, and this week the premier of one Canadian province (like the governor of a state) spoke to a U.S. Senate committee to make the same offer.

"That’s why we were so taken aback when President Biden vetoed the Keystone XL Pipeline.

It would have safely delivered 830,000 barrels a day of responsibly produced Canadian energy to the United States, more than displacing the 670,000 barrels a day that you bought from Putin’s Russia last year.

We were also perplexed when the Administration’s response to sky high gas prices was to plead with OPEC to produce and sell more oil, while working to lift sanctions on Iranian and Venezuelan exports.


White House officials have reportedly discussed a Presidential visit to Saudi Arabia to press for more production of their oil, and exports to the US.

Oil that is used to buy cluster bombs dropped on Yemeni civilians.

Senators, Calgary is a lot closer to Washington than Riyadh.

And you don’t need the US Navy’s Fifth Fleet to patrol the Great Lakes.

To quote former Montana Governor Brian Schweitzer, “we don’t have to send the National Guard into Alberta.”

https://pjmedia.com/news-and-politics/chris-queen/2022/05/18/alberta-premier-blasts-biden-for-importing-middle-eastern-oil-instead-of-canadian-oil-n1598687

Title: Re: Oil
Post by: OCtoSV on May 20, 2022, 01:31:48 PM
The grid is totally screwed and energy shortages will Balkanize CA. This why I took the subsidy money and bought the Solar + PW. There was a big story up here recently about the challenges facing Palo Alto as they try to re-architect their grid for a green future. Net net they realize they're totally screwed, but I learned something tragic but kind of funny from the article: People like me that generate way more than I use can actually blow out the transformers due to the older grid capacities in place. Sorry neighbors!!
Title: Re: Oil
Post by: AW on May 20, 2022, 01:48:25 PM
Ah, so you're saying all the auto industry (us, european, asian) dumping billions into EV will collapse, short/puts on auto makers
Hold up?  I'm not in the minority on this issue.  Almost 50% of all EV sales are right here in California.  We are the only state that EV adoption is showing up at all and even here it is a minuscule percentage of vehicles on the road.  It is also here where all the weaknesses and pressure points will show. You are the Guinee pigs for this expensive experiment.  Enjoy the gerbil house before it collapses like Tonapah. Unicorns and Rainbows...

California's electrical grid has an EV problem

California energy officials issued a sobering warning this month, telling residents to brace for potential blackouts as the state’s energy grid faces capacity constraints heading into the summer months.

And since the state has committed to phase out all new gas-powered vehicles by 2035 — well ahead of federal targets — the additional load from electric vehicle (EV) charging could add more strain to the electric grid.

“Let’s say we were to have a substantial number of [electric] vehicles charging at home as everybody dreams,” Ram Rajagopal, an associate professor of Civil and Environmental Engineering at Stanford University, who authored a recent study looking at the strain electric vehicle adoption is expected to place on the power grid, told Yahoo Finance. “Today’s grid may not be able to support it. It all boils down to: Are you charging during the time solar power is on?”

https://finance.yahoo.com/news/ev-adoption-behavioral-changes-101718236.html
Title: Re: Oil
Post by: Kenkoko on May 20, 2022, 03:11:49 PM
Hold up?  I'm not in the minority on this issue.  Almost 50% of all EV sales are right here in California.  We are the only state that EV adoption is showing up at all and even here it is a minuscule percentage of vehicles on the road.  It is also here where all the weaknesses and pressure points will show. You are the Guinee pigs for this expensive experiment.  Enjoy the gerbil house before it collapses like Tonapah. Unicorns and Rainbows...

California's electrical grid has an EV problem

California energy officials issued a sobering warning this month, telling residents to brace for potential blackouts as the state’s energy grid faces capacity constraints heading into the summer months.

And since the state has committed to phase out all new gas-powered vehicles by 2035 — well ahead of federal targets — the additional load from electric vehicle (EV) charging could add more strain to the electric grid.

“Let’s say we were to have a substantial number of [electric] vehicles charging at home as everybody dreams,” Ram Rajagopal, an associate professor of Civil and Environmental Engineering at Stanford University, who authored a recent study looking at the strain electric vehicle adoption is expected to place on the power grid, told Yahoo Finance. “Today’s grid may not be able to support it. It all boils down to: Are you charging during the time solar power is on?”

https://finance.yahoo.com/news/ev-adoption-behavioral-changes-101718236.html

California's electrical grid has an aging problem. Calling it an EV problem is just a convenient spin.

Our electrical grid is graded D+ due to aging. Most of the critical infrastructure including transmission & distribution lines were constructed in the 1950s -1960s with a 50-year life expectancy.

The growth of EVs is actually forcing much needed upgrades in our energy infrastructure.
Title: Re: Oil
Post by: irvinehomeowner on May 20, 2022, 04:59:15 PM
Wrong, it doesn't have to be renewable..we have lots of it right under our feet... simple supply and demand dynamics...however, there is a reason we are not pumping as much oil daily as we were just a year and a half ago...hmmmm...what happened then that changed that?..let me think...

Oh this solves it all.

I think you should stick to financial advising, clearly EV technology and environmental impact of oil usage is out of your wheelhouse.
Title: Re: Oil
Post by: morekaos on May 31, 2022, 11:25:06 AM
When idiots are in charge you get predictable results...

Every Time Biden Drained Strategic Oil Reserves, Prices Ended Up Higher. Here’s The Proof

President Joe Biden has raided the Strategic Petroleum Reserve three times, but the actions have had minimal impact on oil and gasoline prices, data showed.
“Today, we’re launching a major effort to moderate the price of oil — an effort that will span the globe in its reach and, ultimately, reach your corner gas station, God willing,” Biden said on Nov. 23, 2021, after the first SPR release.
“The action I’m calling for will make a real difference over time,” the president remarked on March 31, 2022, after the third release.

https://dailycaller.com/2022/05/29/joe-biden-strategic-petroleum-reserve-oil-gasoline/
Title: Re: Oil
Post by: irvinehomeowner on June 01, 2022, 03:49:41 PM
So shouldn't this make you want an EV more?

(https://lh-forum-upload.sfo2.digitaloceanspaces.com/original/3X/0/8/08461bec2ff7c3a92af38eec666458432e927ce3.jpeg)
Title: Re: Oil
Post by: CalBears96 on June 01, 2022, 04:09:21 PM
So shouldn't this make you want an EV more?

(https://lh-forum-upload.sfo2.digitaloceanspaces.com/original/3X/0/8/08461bec2ff7c3a92af38eec666458432e927ce3.jpeg)

That's why I ordered a Model 3 and a Mach-E.  ;D
Title: Re: Oil
Post by: morekaos on June 01, 2022, 05:59:07 PM
Unicorns and rainbows…I’ll stick to my assault truck.

Gas prices are rising. So where are the electric cars?
Democrats see electric vehicles as an answer to climate change, and high fuel costs mean more Americans are interested. But inflation and a shortage of new cars are making that transition painful.

Then there’s the price. An entry-level electric vehicle like the Chevy Bolt can still cost nearly $15,000 more than an equivalent gas-powered car, such as the same automaker’s Malibu sedan. That cost is significantly more than the $5,000 in savings that analysts say electric vehicle owners will realize on fuel and maintenance over 10 years. And finding a used electric vehicle is nearly impossible.

https://www.politico.com/news/2022/05/28/gas-prices-rising-electric-cars-00035425
Title: Re: Oil
Post by: The California Court Company on June 01, 2022, 06:14:00 PM
reduce consumption is good for the wallet and environment, right?

Unicorns and rainbows…I’ll stick to my assault truck.

Gas prices are rising. So where are the electric cars?
Democrats see electric vehicles as an answer to climate change, and high fuel costs mean more Americans are interested. But inflation and a shortage of new cars are making that transition painful.

Then there’s the price. An entry-level electric vehicle like the Chevy Bolt can still cost nearly $15,000 more than an equivalent gas-powered car, such as the same automaker’s Malibu sedan. That cost is significantly more than the $5,000 in savings that analysts say electric vehicle owners will realize on fuel and maintenance over 10 years. And finding a used electric vehicle is nearly impossible.

https://www.politico.com/news/2022/05/28/gas-prices-rising-electric-cars-00035425
Title: Re: Oil
Post by: irvinehomeowner on June 13, 2022, 02:43:10 PM
True or not true... Trump part of OPEC deal reducing oil production during Covid 2020?

Too lazy to deep Google but cursory search brings up hits.

If true, why no mention from morekaos?
Title: Re: Oil
Post by: morekaos on June 14, 2022, 09:04:17 AM
One of the stupidest things to do if your goal is to lower gas prices and reduce food inflation...Why bureaucrats who never worked in the private sector should not be running the economy...hopefully, that will change soon...

Biden’s Mandates for Increased Production of Ethanol Are Wrong-Headed

E15 is also harmful to older car engines, storage tanks, pipelines, and gas pumps.

Then there are ethanol’s negative economic impacts. Mandates to burn more corn in vehicle engines leave less corn to be consumed as food. Not only does the price of corn rise, but so do the prices of a wide array of foods that have corn as an ingredient. Corn is also a major food used for raising livestock, so rising corn prices mean higher meat prices. Also, to the extent that farmers switch from growing other crops to take advantage of the ramped-up demand for corn, prices of others grains rise, too. According to a report published earlier this year in the Proceedings of the National Academy of Sciences, past increases in ethanol production in response to federal mandates have increased the price of corn by 30 percent and the price of other crops by 20 percent.

https://www.theepochtimes.com/bidens-mandates-for-increased-production-of-ethanol-are-wrong-headed_4527241.html?utm_source=partner&utm_campaign=TheLibertyDaily
Title: Re: Oil
Post by: irvinehomeowner on June 14, 2022, 02:58:29 PM
So I've been reading non-morekaos infested forums and it's a bit interesting regarding gas prices.

The cost of oil per barrel is not as much a factor for gas prices as we would think... thus drill baby drill isn't really an answer.

I'll leave the math for everyone else to ponder but oil prices have been much higher in the past yet gas prices have never been this high.

So as much as we want to blame lack of drilling, reduced supply from Russia, the sitting president, etc... there is more at play here than simple supply/demand.

I still think the best way is to move away from fossil fuels... that's not unicorn or rainbows... that's like Thanos... inevitable.
Title: Re: Oil
Post by: zovall on June 14, 2022, 05:32:22 PM
So I've been reading non-morekaos infested forums and it's a bit interesting regarding gas prices.

The cost of oil per barrel is not as much a factor for gas prices as we would think... thus drill baby drill isn't really an answer.

I'll leave the math for everyone else to ponder but oil prices have been much higher in the past yet gas prices have never been this high.

So as much as we want to blame lack of drilling, reduced supply from Russia, the sitting president, etc... there is more at play here than simple supply/demand.

I still think the best way is to move away from fossil fuels... that's not unicorn or rainbows... that's like Thanos... inevitable.

I don't disagree about there being much more at play.. but I think supply/demand is definitely a piece. I'm super pro EV/solar/"clean energy" but I'm also pro US energy independence. We need to massively increase 'clean' sources of energy but we also need to make sure there is plenty of energy regardless and that means we should increase our production of oil, gas, and invest in nuclear.
Title: Re: Oil
Post by: morekaos on June 20, 2022, 01:36:41 PM
When you believe in Unicorns and Rainbows that darned intrusive real world can be quite a shocker...Drill Baby Drill!! ;D ;D >:D

Germany to fire up coal plants as Russia turns down the gas
As Russia reduces its supply of natural gas, Economy Minister Robert Habeck has said Germany must curb its usage. Otherwise, things "could get tight in winter," he said.

...called for Germany to reconsider its 2017 ban on unconventional fracking amid the supply problems.

Fracking is a process for extracting oil and gas from shale rock using chemicals and pressure considered by many environmentalists as extremely damaging to nature.

But the FDP's parliamentary director Torsten Herbst told the Welt am Sonntag newspaper that such objections were no longer relevant.

"As scientific studies show, under modern security standards fracking causes no relevant environmental damage," he said.

Referring to the fact that Germany intends to import fracking gas from the US, he said that those in favor of the move could not oppose the promotion of safe fracking in Germany itself.
https://www.dw.com/en/germany-to-fire-up-coal-plants-as-russia-turns-down-the-gas/a-62182321
Title: Re: Oil
Post by: OCtoSV on June 20, 2022, 02:02:16 PM
Serves Germany right for enabling Vlad's escapade and starting 2 WWs
Title: Re: Oil
Post by: morekaos on June 20, 2022, 02:48:30 PM
Lurch is such a DBag...."we don't need that but I can't tell you what we need...and what do I care?...I'm a Billionaire!!!"

John Kerry: We Don't Need to Drill More for Oil and Gas

"And energy security worry is driving a lot of the thoughts now about, 'Oh, we need more drilling, we need more drilling of this, we need to go back to coal.' No, we don’t. We absolutely don’t. And we have to prevent a false narrative from entering into this or, again, pun intended, we are cooked," Kerry said.

https://townhall.com/tipsheet/juliorosas/2022/06/14/john-kerry-we-dont-need-to-drill-more-for-oil-and-gas-n2608737
Title: Re: Oil
Post by: morekaos on June 20, 2022, 04:40:25 PM
The Boy King only wants to help...this should do it....

California Decides the Perfect Time to Raise Gas Taxes is Now

The average per-gallon cost is now $6.05, though the price climbed as high as $7.79 in remote Mono County, according to AAA. The national average, meanwhile, was nearly $1.50 cheaper at $4.56 per gallon.

The state government of California will increase the state tax on gasoline from 51 cents per gallon to 53.9 cents. California has the highest taxes on gasoline.

https://www.independentsentinel.com/california-decides-the-perfect-time-to-raise-gas-taxes-is-now/
Title: Re: Oil
Post by: USCTrojanCPA on June 20, 2022, 06:07:36 PM
The Boy King only wants to help...this should do it....

California Decides the Perfect Time to Raise Gas Taxes is Now

The average per-gallon cost is now $6.05, though the price climbed as high as $7.79 in remote Mono County, according to AAA. The national average, meanwhile, was nearly $1.50 cheaper at $4.56 per gallon.

The state government of California will increase the state tax on gasoline from 51 cents per gallon to 53.9 cents. California has the highest taxes on gasoline.

https://www.independentsentinel.com/california-decides-the-perfect-time-to-raise-gas-taxes-is-now/

CA is running huge budget surpluses and they are going to raise the gas tax, really?  Yeah, keep taxing the ones that can least afford higher gas prices.  Do these politicians understand that higher gas prices trickle down to increase prices of just about everything else since both goods and services are effected by gas prices?  The law of unintended consequences in full effect again.
Title: Re: Oil
Post by: morekaos on June 22, 2022, 09:09:44 AM
Poor LL has to hold up morekaos' pants because he can't find any other support here.

What do you drive LL? Do you support EVs or prefer to go ICE ICE baby?

I try to get the full usable life out of my cars before buying a new one, which means buying cars infrequently (the best policy from an environmental standpoint). My last car was 15 years old before I sold it - a Toyota with 200k miles.

Do you have a chart proving that keeping a car for 15 years vs 3 years is better for the environment?

All cars don't last forever so they have to make new ones and it's not like my 3-year old car goes into the junkyard... it goes to someone else to use which is going to happen, just like more people are born.

What helps the environment is more cars that use clean/renewable energy... and to cycle out the gas burners. Or are you like morekaos and don't get that concept?

I'll put my morekaos hat on... do you think your one 15 year old Toyota burning gas made a difference and was better for the environment?

The contradiction in both of you is so hilarious.

Turns out if you want to ague the environmental issue as the sole argument...its a loss for Gaia....

Is it ethical to purchase a lithium battery powered EV?

Today, a typical EV battery weighs one thousand pounds.  It contains 25 pounds of lithium, 60 pounds of nickel, 44 pounds of manganese, 30 pounds cobalt, 200 pounds of copper, and 400 pounds of aluminium, steel, and plastic. Inside are over 6,000 individual lithium-ion cells.

It should concern you that all those toxic components come from mining. For instance, to manufacture each EV auto battery, you must process 25,000 pounds of brine for the lithium, 30,000 pounds of ore for the cobalt, 5,000 pounds of ore for the nickel, and 25,000 pounds of ore for copper. All told, you dig up 500,000 pounds of the earth’s crust for just one battery.

The top image is an oil well, where 100 percent organic material is pumped out of the ground, taking up around 500 to 1000 square feet. Then it flows in pipelines safely transporting the oil to refineries to be manufactured into usable oil derivatives that are the basis of more than 6,000 products for society, and into transportation fuels needed by the world’s heavy-weight and long-range infrastructures of aviation, merchant ships, cruise ships, and militaries.

The lower image is just one lithium supply mine where entire mountains are eliminated. Each mine usually consists of thirty-five to forty humongous 797 Caterpillar haul trucks along with hundreds of other large equipment. Each 797 uses around half a million gallons of diesel a year. So, with an inventory of just thirty-five the haul trucks alone are using 17.5 million gallons of fuel a year for just one lithium site.

There is virtually non-existing transparency of the environmental degradation and the human rights abuses occurring in developing countries with yellow, brown, and black skinned people. Both human rights abuses and environmental degradation are directly connected to the mining for the exotic minerals and metals that are required to manufacture wind turbines, solar panels, and EV batteries.

https://www.cfact.org/2022/06/07/is-it-ethical-to-purchase-a-lithium-battery-powered-ev/

Title: Re: Oil
Post by: irvinehomeowner on June 22, 2022, 12:12:56 PM
Your response is sort of out of context because ethics and reusable energy are not the same thing but as I mentioned this before, that's why you recycle batteries and the metals/ores.

What do you recycle for gasoline? The fumes?

Nothing is perfect, but some things can be better than others.
Title: Re: Oil
Post by: morekaos on June 22, 2022, 12:41:15 PM
Drill now...drill everywhere.  They said that would not work, they were wrong...they are wrong again...

'Drill Here, Drill Now, Drill Everywhere' and Other Nonsense

DEAN BAKER
March 24, 2011

The flood of nonsense in the traditional news outlets just continues to grow. At the top of the list is the steady stream of senators or members of Congress whose response to higher gas prices is to insist on drilling in every square inch of environmentally sensitive territory in the country. This is supposed to reduce our dependence on imported oil and lower the price of gas. Both sides of this assertion are absurd.

https://www.commondreams.org/views/2011/03/24/drill-here-drill-now-drill-everywhere-and-other-nonsense

U.S. Becomes a Net Oil Exporter for First Time in 75 Years
BY BLOOMBERG
December 6, 2018 11:35 AM PST

America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania.

While the country has been heading in that direction for years, this week’s dramatic shift came as data showed a sharp drop in imports and a jump in exports to a record high. Given the volatility in weekly data, the U.S. will likely remain a small net importer most of the time.

“We are becoming the dominant energy power in the world,” said Michael Lynch, president of Strategic Energy & Economic Research. “But, because the change is gradual over time, I don’t think it’s going to cause a huge revolution, but you do have to think that OPEC is going to have to take that into account when they think about cutting.”

https://fortune.com/2018/12/06/oil-exports-us/
Title: Re: Oil
Post by: morekaos on June 22, 2022, 01:00:36 PM
Like Germany...fire up the coal...

Time for Biden to fire up the coal plants

Joe Biden dropped the ball on U.S. energy security from Day One of his presidency, when he canceled the Keystone XL pipeline permit that would have brought as much as 900,000 barrels of crude oil into the U.S. system.

The U.S. policy toward coal plants is that they can’t shut down fast enough. They are cardinal sinners in environmentalists’ books. But right now, given the demand for power that’s coming down the pike with hot weather, a way to save natural gas supplies by a return to coal makes sense.

This has the makings of a long, hot, expensive summer. Biden has the chance to do something practical to alleviate some of our energy problems.

As Jetten said, the risk of doing nothing is too great.

https://www.msn.com/en-us/money/markets/editorial-time-for-biden-to-fire-up-the-coal-plants/ar-AAYIRms
Title: Re: Oil
Post by: OCtoSV on June 22, 2022, 01:23:35 PM
For some real comedy look up Cavuto today getting WH advisor Jared Bernstein to admit Biden wants to drill baby drill on Fox News
Title: Re: Oil
Post by: irvinehomeowner on June 22, 2022, 03:58:50 PM
Silly morekaos... Trix is for kids.

Do you think that even if we added 900,000 barrels that prices would go down?

Greed/Fear > Supply/Demand
Title: Re: Oil
Post by: morekaos on June 22, 2022, 04:04:29 PM
More than a three month tax hiatus…but I don’t want 900,000 barrels…I want 2 million or more…we can do that.  One of my clients runs a chunk of Prudoe Bay production. They are adding rigs now but they could do more if they felt more comfortable with this administration…until that changes they are unwilling to make the commitment….but change is coming in just 19 weeks.
Title: Re: Oil
Post by: daedalus on June 23, 2022, 03:26:02 AM
A few weeks ago while we were out shopping, my 6 year old daughter stated a few times how she wished all the stuff in the store only cost a penny.  "Wouldn't that be great, Dada"? she asked.  At this prompting, I explained to her that it would be great, except if everything was a penny then everyone else woud buy everything in the store, and the store would run out, and we wouldn't actually be able to buy anything.  I saw the lights go on in her little eyes and she stopped wishing out loud for fantasy pricing tied conveniently to the contents of her piggy bank. 

I think my 6 year old daughter now understands basic economics better than a lot of politicians. 
Title: Re: Oil
Post by: irvinehomeowner on June 29, 2022, 11:36:07 PM
Go where the work is:

US electric vehicle jobs exploded in 2021, clean energy jobs grew – and fossil fuel jobs shrunk

https://electrek.co/2022/06/28/us-electric-vehicle-jobs-2021/

Quote
The 2022 USEER report shows that the energy sector – with the exception of fossil fuels – experienced positive job growth. Overall, the sector rose by 4% from 2020 to 2021, outpacing overall US employment, which grew 2.8% in the same period. The energy sector added more than 300,000 jobs, increasing the total number of energy jobs from 7.5 million in 2020 to more than 7.8 million in 2021.

In addition to the huge job growth in the full battery electric vehicle sector mentioned above, other vehicle sectors saw notable job growth as well:

Hybrid electric vehicle jobs increased 19.7%, adding 23,577 new jobs.
Plug-in hybrid vehicle jobs increased 30.9%, adding 14,790 jobs.
Hydrogen fuel cell jobs increased 41.4%, adding 4,160 jobs.
Fossil fuel jobs accounted for most of the fuel jobs lost:

Petroleum – both onshore and offshore – led losses with a decrease of 6.4%, shedding 31,593 jobs.
Coal fuel jobs declined by the greatest percentage, at 11.8%, losing 7,125 jobs.
Fuel extraction jobs overall decreased by 12%.

But, biofuels, including renewable diesel fuels, biodiesel fuels, and waste fuels, grew by 6.7%, adding 1,180 jobs.

Unicorns and rainbows are coming.
Title: Re: Oil
Post by: morekaos on July 07, 2022, 02:34:18 PM
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

Title: Re: Oil
Post by: Ready2Downsize on July 07, 2022, 02:49:34 PM
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

This explains exactly why Cali tax is what it is:

https://ktla.com/news/taxes-fees-make-up-1-18-per-gallon-of-gas-in-california/

Taxes:
Federal Excise Tax: 18 cents per gallon
State Excise Tax: 51 cents per gallon
Sales Tax (estimated): 10 cents per gallon
Fees:
Low Carbon Gas Programs: 22 cents per gallon
Greenhouse Gas Programs: 15 cents per gallon
Underground Tank Storage: 2 cents per gallon

That was before the gas tax went up July 1st. Gas was a buck a gallon less at the time the article was written, so add 10 cents at least for additional sales tax and state excise tax. Subtract the price AZ pays in state/federal tax and poof........... almost exactly the price diff at the pump between Tustin Costco and the Costco here.

So there ya have it. The difference is due to taxes and fees. You have to add in the additional fees to get to the bottom line.

AZ gets 60% of their gas from Cali but doesn't have those extra fees. No refineries in AZ makes it more than states like Texas. Cali has their own refineries but when one goes down, they don't have the ability to import gas from other states so they have less gallons available at the pump and prices go up whereas other states get more from other pipelines to fill the temporary void.

Always just thought gas stations had higher labor/leases but it's really all about the money going to the state. What was I thinking? LOL!
Title: Re: Oil
Post by: USCTrojanCPA on July 07, 2022, 03:06:48 PM
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/



So dumb...let them buy oil from their buddy Vlad.
Title: Re: Oil
Post by: USCTrojanCPA on July 07, 2022, 03:10:00 PM
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

This explains exactly why Cali tax is what it is:

https://ktla.com/news/taxes-fees-make-up-1-18-per-gallon-of-gas-in-california/

Taxes:
Federal Excise Tax: 18 cents per gallon
State Excise Tax: 51 cents per gallon
Sales Tax (estimated): 10 cents per gallon
Fees:
Low Carbon Gas Programs: 22 cents per gallon
Greenhouse Gas Programs: 15 cents per gallon
Underground Tank Storage: 2 cents per gallon

That was before the gas tax went up July 1st. Gas was a buck a gallon less at the time the article was written, so add 10 cents at least for additional sales tax and state excise tax. Subtract the price AZ pays in state/federal tax and poof........... almost exactly the price diff at the pump between Tustin Costco and the Costco here.

So there ya have it. The difference is due to taxes and fees. You have to add in the additional fees to get to the bottom line.

AZ gets 60% of their gas from Cali but doesn't have those extra fees. No refineries in AZ makes it more than states like Texas. Cali has their own refineries but when one goes down, they don't have the ability to import gas from other states so they have less gallons available at the pump and prices go up whereas other states get more from other pipelines to fill the temporary void.

Always just thought gas stations had higher labor/leases but it's really all about the money going to the state. What was I thinking? LOL!

What's interesting is that gas in Nevada should be close to what it is in Arizona but it's about $0.50 higher than AZ prices and $0.50 lower than CA prices.  I always thought that to be kind of strange.  Plus CA and NV don't get the good stuff for the premium gasoline (93 octane)
Title: Re: Oil
Post by: Ready2Downsize on July 08, 2022, 04:07:23 PM
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

This explains exactly why Cali tax is what it is:

https://ktla.com/news/taxes-fees-make-up-1-18-per-gallon-of-gas-in-california/

Taxes:
Federal Excise Tax: 18 cents per gallon
State Excise Tax: 51 cents per gallon
Sales Tax (estimated): 10 cents per gallon
Fees:
Low Carbon Gas Programs: 22 cents per gallon
Greenhouse Gas Programs: 15 cents per gallon
Underground Tank Storage: 2 cents per gallon

That was before the gas tax went up July 1st. Gas was a buck a gallon less at the time the article was written, so add 10 cents at least for additional sales tax and state excise tax. Subtract the price AZ pays in state/federal tax and poof........... almost exactly the price diff at the pump between Tustin Costco and the Costco here.

So there ya have it. The difference is due to taxes and fees. You have to add in the additional fees to get to the bottom line.

AZ gets 60% of their gas from Cali but doesn't have those extra fees. No refineries in AZ makes it more than states like Texas. Cali has their own refineries but when one goes down, they don't have the ability to import gas from other states so they have less gallons available at the pump and prices go up whereas other states get more from other pipelines to fill the temporary void.

Always just thought gas stations had higher labor/leases but it's really all about the money going to the state. What was I thinking? LOL!

What's interesting is that gas in Nevada should be close to what it is in Arizona but it's about $0.50 higher than AZ prices and $0.50 lower than CA prices.  I always thought that to be kind of strange.  Plus CA and NV don't get the good stuff for the premium gasoline (93 octane)
I only check costco prices because they are pretty steady so I can get an idea of trend and it's easier to remember.

Part of the reason we r lower here is there are quite a few near a sam's club and it seems they compete on price with Sam's usually winning by a penny. There is no costco near my one daughter in the Northern part of AZ and their prices are a little higher. First day they dropped the price, next day twice in one day and then again the next day. LOL!

Sometimes there are other stations lower, but I only look at Costco so I can remember what it's been.

Maybe NV has less stations so less competition and how far are u willing to drive to save 10-20 cents? U burn all the difference getting there.

On Monday it will be four weeks since I've been here. Both cars are still on the gas we bought at the border on the way here. I probably will fill my tank Sunday since I'm going to see my daughter up north.
Title: Re: Oil
Post by: CalBears96 on July 08, 2022, 07:55:31 PM
Yah, this is helping….China!!

Oil from U.S. reserves sent overseas as gasoline prices stay high

A third cargo headed to China, another source said.

 https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/



So dumb...let them buy oil from their buddy Vlad.

That is mind boggling. Don't expert to China. Let China get oil from Vlad. That way, Vlad can't threaten to cut 5M barrels a day.
Title: Re: Oil
Post by: morekaos on July 15, 2022, 09:14:49 AM
Idiot!!

MORE OIL, PRETTY PLEASE?

It's the handshake that the White House doesn't want to talk about.

For weeks, the question of whether President Joe Biden will shake Saudi Crown Prince Mohammed bin Salman's hand when he visits Saudi Arabia this week has hounded officials reluctant for the president to be seen warming up to the man the U.S. believes is responsible for a journalist's murder.

They have jumped linguistic hurdles to avoid saying whether the two leaders would clasp hands, and at first took pains to not even utter Prince Mohammed's name – saying instead Biden would meet with "King Salman and his leadership team."

https://abcnews.go.com/Politics/question-handshake-symbolizes-bidens-awkward-approach-saudi-arabia/story?id=86816412

Title: Re: Oil
Post by: Ready2Downsize on July 15, 2022, 10:23:09 AM
Idiot!!

MORE OIL, PRETTY PLEASE?

It's the handshake that the White House doesn't want to talk about.

For weeks, the question of whether President Joe Biden will shake Saudi Crown Prince Mohammed bin Salman's hand when he visits Saudi Arabia this week has hounded officials reluctant for the president to be seen warming up to the man the U.S. believes is responsible for a journalist's murder.

They have jumped linguistic hurdles to avoid saying whether the two leaders would clasp hands, and at first took pains to not even utter Prince Mohammed's name – saying instead Biden would meet with "King Salman and his leadership team."

https://abcnews.go.com/Politics/question-handshake-symbolizes-bidens-awkward-approach-saudi-arabia/story?id=86816412

Even in Tustin, the price of gas is down 10%
Title: Re: Oil
Post by: morekaos on July 15, 2022, 10:55:27 AM
To what? $5.50?…that helps. ;D ;D >:D
Title: Re: Oil
Post by: USCTrojanCPA on July 15, 2022, 02:07:37 PM
To what? $5.50?…that helps. ;D ;D >:D

Yeah down from $6.19 to $5.59 at the Tustin Ranch Costco.
Title: Re: Oil
Post by: morekaos on July 15, 2022, 02:33:58 PM
Celebrating $5.59 a gallon gas?  Wow Joseph…wow!

Title: Re: Oil
Post by: CalBears96 on July 15, 2022, 02:54:10 PM
To what? $5.50?…that helps. ;D ;D >:D

Yeah down from $6.19 to $5.59 at the Tustin Ranch Costco.

Tustin Ranch Costco and Spectrum Costco are both $5.39 today. Eastvale Costco is $5.25.
Title: Re: Oil
Post by: irvinehomeowner on July 15, 2022, 03:14:11 PM
@morekaos: I think you linked the wrong Jokoy video but that one is hilarious too.
Title: Re: Oil
Post by: USCTrojanCPA on July 15, 2022, 07:37:39 PM
To what? $5.50?…that helps. ;D ;D >:D

Yeah down from $6.19 to $5.59 at the Tustin Ranch Costco.

Tustin Ranch Costco and Spectrum Costco are both $5.39 today. Eastvale Costco is $5.25.

Yeah, regular unleaded was $5.39...I have to put premium in my Macan.
Title: Re: Oil
Post by: The California Court Company on July 15, 2022, 10:06:42 PM
drove around Irvine all day because I don't care about burning gas, I really like the vibe of South of 405 (USC got a good neighborhood)..North Irvine is way too crowded. Columbus Square and Tustin Ranch are also nice area too.
Title: Re: Oil
Post by: Ready2Downsize on July 16, 2022, 11:46:11 AM
To what? $5.50?…that helps. ;D ;D >:D

Yeah down from $6.19 to $5.59 at the Tustin Ranch Costco.

Tustin Ranch Costco and Spectrum Costco are both $5.39 today. Eastvale Costco is $5.25.

Yeah, regular unleaded was $5.39...I have to put premium in my Macan.

Good Lord! Price should fall quicker than that! $5.99 to $5.39 is 10% we've fallen to $4.39 from $5.49 which is 20% here. 60% of our refined oil comes from Cali. Must be all those taxes and fees holding up prices in Cali.

Gotta come back to Cali for a party in a week. Hoping to see under $5 by then!
Title: Re: Oil
Post by: morekaos on August 01, 2022, 11:07:27 AM
Wadda ya know…
 
Trump Was Right About Europe’s Dangerous Dependence On Russian Energy
 
Former President Donald Trump predicted this energy power struggle in September 2018 in his speech at the U.N. General Assembly.

“Germany will become totally dependent on Russian energy if it does not immediately change course. Here in the Western Hemisphere, we are committed to maintaining our independence from the encroachment of expansionist foreign powers,” Trump boasted.

Trump made similar remarks during a NATO summit earlier that same year. “Germany, as far as I’m concerned, is captive to Russia because it’s getting so much of its energy from Russia,” Trump told NATO Secretary General Jens Stoltenberg. “We have to talk about the billions and billions of dollars that’s being paid to the country we’re

https://thefederalist.com/2022/07/22/trump-was-right-about-europes-dangerous-dependence-on-russian-energy/
Title: Re: Oil
Post by: OCtoSV on August 01, 2022, 03:16:43 PM
Wadda ya know…
 
Trump Was Right About Europe’s Dangerous Dependence On Russian Energy
 
Former President Donald Trump predicted this energy power struggle in September 2018 in his speech at the U.N. General Assembly.

“Germany will become totally dependent on Russian energy if it does not immediately change course. Here in the Western Hemisphere, we are committed to maintaining our independence from the encroachment of expansionist foreign powers,” Trump boasted.

Trump made similar remarks during a NATO summit earlier that same year. “Germany, as far as I’m concerned, is captive to Russia because it’s getting so much of its energy from Russia,” Trump told NATO Secretary General Jens Stoltenberg. “We have to talk about the billions and billions of dollars that’s being paid to the country we’re

https://thefederalist.com/2022/07/22/trump-was-right-about-europes-dangerous-dependence-on-russian-energy/

Trump totally understood geopolitics and made many good decisions driven by that philosophy. Not sure I see anyone else in the GOP or Dem field that has as good of a grasp of " a deal driven mentality"
Title: Re: Oil
Post by: irvinehomeowner on August 01, 2022, 03:53:12 PM
I like Trump for his foreign policy... especially with China... not so much with Russia.

His knowledge of election policy... however... was sorely lacking.
Title: Re: Oil
Post by: nosuchreality on August 02, 2022, 05:29:06 AM
Wadda ya know…
 
Trump Was Right About Europe’s Dangerous Dependence On Russian Energy
 
Former President Donald Trump predicted this energy power struggle in September 2018 in his speech at the U.N. General Assembly.

“Germany will become totally dependent on Russian energy if it does not immediately change course. Here in the Western Hemisphere, we are committed to maintaining our independence from the encroachment of expansionist foreign powers,” Trump boasted.

Trump made similar remarks during a NATO summit earlier that same year. “Germany, as far as I’m concerned, is captive to Russia because it’s getting so much of its energy from Russia,” Trump told NATO Secretary General Jens Stoltenberg. “We have to talk about the billions and billions of dollars that’s being paid to the country we’re

https://thefederalist.com/2022/07/22/trump-was-right-about-europes-dangerous-dependence-on-russian-energy/

Trump totally understood geopolitics and made many good decisions driven by that philosophy. Not sure I see anyone else in the GOP or Dem field that has as good of a grasp of " a deal driven mentality"

Trump is a sociopathic mob boss, that’s what makes him so effective with the totalitarian foreign powers.  It’s like looking in a mirror and everything is how does this give me leverage.
Title: Re: Oil
Post by: morekaos on August 04, 2022, 08:18:27 AM
Like the law of gravity…you can’t repeal the laws of economics…unicorns and rainbows… ;D ;D >:D

 ‘Dirty ol’ coal’ is making a comeback and consumption is expected to return to 2013′s record levels

·         Coal prices are soaring and global coal consumption is expected to return to record levels reached almost 10 years ago as the global energy supply crunch continues.

·         While investors in coal stocks are having a field day thanks to high coal prices, curbs on carbon emissions are taking a backseat as markets and governments scramble to stock up on traditional energy supply amid bottlenecks caused by the Ukraine war, analysts say.

·         Worse, slowing investments in new coal-powered energy facilities have tightened the supply of coal even further, Shaw and Partners senior analyst Peter O’Connor told “Squawk Box Asia” on Friday.

https://www.cnbc.com/2022/08/02/coal-consumption-is-expected-to-return-to-2013s-record-levels-iea.html
Title: Re: Oil
Post by: OCtoSV on August 04, 2022, 04:30:05 PM
Like the law of gravity…you can’t repeal the laws of economics…unicorns and rainbows… ;D ;D >:D

 ‘Dirty ol’ coal’ is making a comeback and consumption is expected to return to 2013′s record levels

·         Coal prices are soaring and global coal consumption is expected to return to record levels reached almost 10 years ago as the global energy supply crunch continues.

·         While investors in coal stocks are having a field day thanks to high coal prices, curbs on carbon emissions are taking a backseat as markets and governments scramble to stock up on traditional energy supply amid bottlenecks caused by the Ukraine war, analysts say.

·         Worse, slowing investments in new coal-powered energy facilities have tightened the supply of coal even further, Shaw and Partners senior analyst Peter O’Connor told “Squawk Box Asia” on Friday.

https://www.cnbc.com/2022/08/02/coal-consumption-is-expected-to-return-to-2013s-record-levels-iea.html
It's helping a lot of poor foreign coal workers in places like Colombia - happy for them
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